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Asia

Toyota Books 1.2 Trillion Yen Non-consolidated Gain from Sale of Toyota Industries Stake

Toyota (TYO:7203) expects to record a non-consolidated gain of 1.206 trillion yen and an estimated consolidated gain of 576.9 billion yen following the final sale of its entire 24.66% stake in Toyota Industries(TYO:6201).The transaction was completed through a share repurchase by Toyota Industries after the necessary squeeze-out procedures were finalized, according to a Tokyo bourse filing on Monday.The actual consolidated gain came in slightly lower than the 600 billion yen initially projected when the deal was announced in March, while the impact has already been incorporated into Toyota's consolidated forecast for the current fiscal year, which the company disclosed on May 8.

TYO:6201TYO:7203
Asia

Market Chatter: AI Boom Propels Kioxia Past Toyota as Japan's Most Valuable Firm; Kioxia Shares Jump 9%

Driven by the global surge in artificial intelligence, chipmaker Kioxia (TYO:285A) has overtaken Toyota (TYO:7203) to be Japan's largest company by market value, Bloomberg News reported on Saturday.Following a 7.6% jump in its shares, Kioxia's valuation exceeded 44 trillion yen on Friday, while Toyota closed at 43.8 trillion yen, the news wire said.This change reflects a rising investor appetite for semiconductor companies, fueled by strong demand for AI data center chips, the publication said.Kioxia's stock has skyrocketed more than 670% this year, making it the top performer on a major global index, the report said.Kioxia shares jumped over 9% in morning trade Monday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285ATYO:7203
Asia

Toyota Takes Stake in Tier IV as Autoware Maker Plans Japan IPO

Toyota (TYO:7203) via Toyota Invention Partners is taking a stake in Japanese self-driving systems-focused startup Tier IV, according to the company's securities filing for its planned IPO on the Tokyo Stock Exchange Growth Market.The filing also revealed that Toyota, along with other Japanese corporations that are existing shareholders, entered into a 180-day lock-up agreement following the listing.The other shareholders include SOMPO (TYO:8630), Yamaha Motor (TYO:7272), Suzuki Motor (TYO:7269), Bridgestone (TYO:5108), Mitsubishi Corp. (TYO:8058), Sony Group (TYO:6758) and JR Central.Tier IV develops the open-source Autoware autonomous driving software and offers three core services, namely Mobility, Development, and Solution Services.The IPO is being jointly managed by Mitsubishi UFJ Morgan Stanley, Morgan Stanley MUFG, and SMBC Nikko, with a target listing date between July and December.

SHA:688272TYO:1871TYO:5108TYO:6758TYO:7203TYO:7269TYO:7272TYO:8058TYO:8630
Asia

Subaru Confirms Toyota as Affiliated Company With 21.5% Voting Right

Subaru (TYO:7270) said Toyota (TYO:7203) holds a 21.5% voting stake in the company as of March 31, classifying Toyota as an other affiliated company, according to a Tokyo bourse filing on Monday.The two automakers have been jointly developing models including the GR86/BRZ and battery electric vehicles since forming a business alliance in 2005.Subaru also receives OEM supply of mini vehicles and compact cars from Toyota's consolidated subsidiary, Daihatsu Motor.Despite the close ties, Subaru stated that its independence is secured to a certain extent, as it operates its business without any operational constraints imposed by Toyota.

TYO:7203TYO:7270
Asia

Toyota to Debut Liquid Hydrogen Prototype in Public Le Mans Demo Next Week

Toyota Motor (TYO:7203) will perform the first public demonstration runs of its liquid hydrogen-fuelled TR LH2 Racing Prototype at Circuit de la Sarthe, site of the 94th Le Mans 24 Hours, next week.The prototype, which shares the same chassis as the competing TR010 HYBRID Hypercar, is scheduled for demo laps on June 11 and June 13.Toyota has pursued hydrogen engine development in motorsports since 2021 with Rookie Racing's ORC ROOKIE GR Corolla H2 Concept in Japan's Super Taikyu series, which switched from gaseous to liquid hydrogen in 2023.The potential of hydrogen engines in rallying was first shown in 2022 when the GR Yaris H2 completed demo runs at Ypres Rally, followed by further demonstrations of the GR Yaris Rally2 H2 Concept at Rally Finland in 2025 and Rallye Monte-Carlo this year.

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Asia

Market Chatter: Tokyo Increases EV Purchase Support to Encourage Adoption

The Tokyo Metropolitan Government has raised purchase subsidies for electric vehicles by up to 300,000 yen to as much as 1.3 million yen, Nikkei Asia reported Wednesday.Both individuals and businesses are eligible for the subsidies, which are capped at 1.3 million yen for EVs and 1.15 million yen for hybrids, with no restriction on the number of vehicles purchased, the news daily said.Under the new system, the base subsidy will double to 200,000 yen, while extra incentives stay the same: 100,000 yen for vehicle-to-home power, 100,000 yen for charging equipment installation, and up to 300,000 yen for using renewable energy or solar power, the report said.The final subsidy also includes a manufacturer-based component of up to 400,000 yen, with Toyota (TYO:7203), Nissan(TYO:7201), and Honda ( TYO:7267), receiving the maximum, while BYD (HKG:1211) gets 100,000 yen and Daihatsu receives nothing, the publication said.Several factors, including sales performance, lineup size, and green transformation efforts, determine how much each automaker qualifies for, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1211TYO:7201TYO:7203TYO:7267
Asia

Market Chatter: Swiftfab Leads Japanese Supplier Alliance to Slash Battery Equipment Costs

Swiftfab Energy Systems, a joint venture established in April by nine Japanese battery-equipment suppliers, is spearheading a new modular manufacturing model, Nikkei Asia reported Wednesday, citing president Keisuke Kida.The company's approach, which Kida compares to stacking building blocks to assemble a production line, is expected to reduce total equipment costs by roughly 70% and help domestic battery makers compete with Chinese rivals, the news daily said.The founding suppliers include Hitachi (TYO:6501), Ricoh (TYO:7752), Toyota Motor-affiliated (TYO:7203) Jtekt (TYO:6473), Komatsu NTC, and Seibu Giken (TYO:6223), all members of the Battery Association for Supply Chain, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6223TYO:6473TYO:6501TYO:7203TYO:7752
Asia

Market Chatter: BlackRock Eyes 15% Stake in Go Ahead of Taxi App's June 16 Listing

BlackRock plans to acquire a 15.2% stake in Japanese taxi app Go for roughly 28 billion yen as part of the company's upcoming initial public offering, Nikkei Asia reported Tuesday.The purchase amounts to 11.81 million shares, the report said.Go detailed its secondary offering in a Monday statement, announcing plans to sell up to 36.9 million shares at an indicative price range of 2,350 to 2,400 yen per share, plus an overallotment option of up to 3.55 million shares managed by Nomura Securities.Major existing shareholders selling down their stakes include DeNA(TYO:2432), NTT DOCOMO, and Toyota (TYO:7203), along with domestic sellers such as Aioi Nissin Dowa Insurance, SMBC Trust Bank, KDDI (TYO:9433), and Dentsu Group (TYO:4324).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:2432TYO:4324TYO:7203TYO:9433
Asia

Market Chatter: Japanese Automakers to Standardize Defective Parts Criteria

Toyota Motor (TYO:7203) and other Japanese automakers will adopt a unified industry policy for identifying defective components, aiming to reduce waste and secure stable parts supplies as Middle East tensions disrupt the flow of essential materials, Nikkei Asia reported on Tuesday.The Japan Automobile Manufacturers Association and the Japan Auto Parts Industries Association will develop the common standards, which will be rolled out gradually for parts procurement through the end of the year, the news agency said.Previously, suppliers discarded components due to minor cosmetic flaws such as dark specks or small scratches that did not affect performance. The new standards will allow manufacturers to accept parts that meet national requirements and have no functional or appearance-related issues.The move is expected to correct excessive quality control measures and improve production yields, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:7203
Asia

SoftBank Surges Past Toyota to Become Japan's Most Valuable Firm; Shares Up 10%

Shares of SoftBank Group (TYO:9984) rose sharply in Monday's early trading session, pushing its market capitalization to over 47 trillion yen, making it the most valuable company on the Tokyo exchange for the first time in over two decades.The tech conglomerate's stock jumped over 10% to 8,259 yen at 11:30 am in Tokyo on Monday.SoftBank has overtaken the long-time leader, Toyota Motor (TYO:7203), and now holds a market value of 45.7 trillion yen.Toyota's shares fell 4.8% in recent trade.

TYO:7203TYO:9984
Asia

Market Chatter: Toyota Halts Development of Lexus Next-Gen EV, Shifts Focus to SUVs Amid Weakening Global Demand

Toyota Motor (TYO:7203) will halt development of a mass-production version of the Lexus LF-ZC sedan, a next-generation electric vehicle originally intended to utilize advanced gigacasting technology, Nikkei Asia reported on Friday.The automaker is pivoting toward SUVs and other models as EV sales slow worldwide, with production initially scheduled for late this year but then delayed to mid-2027 at a plant in Aichi Prefecture, the news agency said.Despite Toyota's global EV sales rising 42% in 2025 to over 190,000 units-boosted by the revamped bZ4X SUV and the China-only bZ3X-the broader market now faces significant challenges, the publication said.These include the Trump administration's removal of EV purchase tax incentives and the European Union's reversal of its planned 2035 ban on new internal combustion engine vehicles, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Toyota Motor Sales Fall Again in April Amid Challenging China, Middle East Environments
US Markets

Toyota Motor Sales Fall Again in April Amid Challenging China, Middle East Environments

Toyota Motor's (TYO:7203) sales fell for a third straight month in April as the carmaker saw sharp drops in China and the Middle East.Worldwide sales, including those of its luxury brand Lexus, slipped 3.1% year over year to 849,306 units.Toyota also attributed the fall to the impact of the changeover to its new RAV4.The decline in global sales was softer compared with the 7.3% fall in March and 3.4% decline in February, according to the Japanese car giant.Sales from outside Japan fell 7.5% year over year to 699,382 units.The fall was led by sales in China, Hong Kong and Macau, which declined 25% to 106,479 units during the month amid challenges in the market environment.Middle East sales plunged 34% to 31,360 units.The fall comes as Toyota has been able to withstand the impact of the conflict in the region despite trade disruptions along the Strait of Hormuz, the Japan Times reported separately.In the U.S., Toyota's largest market, sales slipped 4.6% to 222,378 vehicles despite high demand for hybrid electric vehicles and other models. The decline came after the carmaker saw pre-tariff-driven demand.Japanese sales increased for the first time in four months by 24% to 149,924 units, following a rebound in registrations after postponements anticipating the discontinuation of the country's environmental performance-based vehicle tax.Production jumped 2% to 831,971 units. Overseas production increased 3.8% to 567,578 units.Chinese production rose 4% to 118,451 units despite market environment challenges.Total exports fell for a second consecutive month in April, sliding 7% to 166,972 units. Middle East exports slumped 92% to 2,418 units.The carmaker's suppliers earlier said they are seeing more shortages due to the conflict in Iran, the Japan Times said.

Shanghai Composite^SZSETYO:7203
Asia

Toyota Motor's Global Sales Slide 3.1% in April Amid Sharp Declines in China, Middle East

Toyota Motor's (TYO:7203) global sales, including its luxury Lexus brand, slipped ​3.1% in April from a year earlier to ⁠849,306 vehicles, amid a sharp fall in China and the ​Middle East.Overseas markets saw a 7.5% decline in sales, whereas Japan recorded a 24.2% increase, according to a statement on Thursday.Sales in the Middle East dropped sharply by 33.7% to just over 31,000 vehicles, while China experienced a 25.4% decrease amid challenging market conditions.In the U.S., Toyota's largest market, sales slipped by 4.6%.Global production rose by 2% in April compared with the same month a year earlier, as Asia saw a 12.9% gain.

TYO:7203
Asia

Japanese Shares Close Lower After Choppy Session, as Fresh Attacks on Iran Spook Investors

After the choppy trading session, Japanese shares extended its opening losses to close in the red on Thursday as the news of a fresh US military strike on Iran and Kuwaiti reports of missile attacks hit investor sentiment.The Nikkei 225 closed down 306.29 points, or 0.5%, at 64,693.12.News reports quoting US officials said the Central Command forces shot down four Iranian drones that were seen as a threat near the Strait of Hormuz. The US military is also reported to have hit an Iranian ground control station in Bandar Abbas.Investors are also cautious of the US inflation data that may weigh heavy on bonds and interest rates.On the domestic front, Japan's major exports to the Middle East plunged in April amid the ongoing war in the region, according to trade statistics released by country's finance ministry on Thursday.Major exports from the country, including cars and steel pipes, to the Middle East region, fell by 55.8% in value year on year to 138.695 trillion yen in April, affected by the prolonged closure of the Strait of Hormuz.On the corporate side, six Toyota Motor (TYO:7203)-affiliated auto suppliers, including Denso (TYO:6902), plan to spend a combined 1.16 trillion yen on research and development for the fiscal year ending March 2027, Nikkei Asia reported Thursday, citing company officials.Also, Sojitz (TYO:2768) plans to bid for public sector projects worth over $6 billion in Australia as part of a bold push into new markets, Nikkei reported on Thursday, citing Sojitz executive Takefumi Nishikawa.

Nikkei 225TYO:6902TYO:7203
Asia

Market Chatter: Toyota Suppliers Including Denso Boost R&D Spending to Cut Reliance on Rare Earths

Six Toyota Motor (TYO:7203)-affiliated auto suppliers, including Denso (TYO:6902), plan to spend a combined 1.16 trillion yen on research and development for the fiscal year ending March 2027, Nikkei Asia reported Thursday, citing company officials.All six companies -- Denso, Aisin (TYO:7259), Toyota Boshoku (TYO:3116), Jtekt (TYO:6473), Toyoda Gosei (TYO:7282), and Aichi Steel (TYO:5482) -- have increased their R&D budgets, with all except Jtekt anticipating record-high spending levels, the report said.Denso accounts for 705 billion yen of the total, a 2% increase from the previous year, the report said, citing Denso President Shinnosuke Hayashi.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:3116TYO:5482TYO:6473TYO:6902TYO:7203TYO:7259TYO:7282
Asia

Market Chatter: Dampened Aluminum Supply Amid Middle East War to Squeeze Japan's Auto Industry

Japan's auto industry will feel the weight of constrained supplies of aluminum and related alloy products due to the Middle East war through 2027, Nikkei Asia reported Wednesday.Aluminum prices skyrocketed following the closure of the Strait of Hormuz and have remained above prewar levels, with benchmark aluminum futures in London priced at more than $3,600 per metric ton, the report said.Iranian strikes on key smelters and input shortages for production facilities have also impacted output, which could lead to a loss of more than 3 million tons from the market in 2026, the report cited Wood Mackenzie senior research manager Uday Patel as saying.Analysts expect the aluminum market to recover only after 2028, the report said.Japan is the most reliant on the Middle East for aluminum and related alloys among the five largest importers of the metal, the report cited 2024 data from the UN Comtrade database as saying.Premiums paid by Japanese companies in addition to the LME spot price for aluminum increased to $350 to $353 per ton for the April to June quarter, from $195 in the past quarter, according to the report.The beverage sector is the largest aluminum consumer in Japan, while small and medium-sized companies in the auto and construction industries are also dependent on Middle East-sourced ones, the report cited a representative of the Japan Aluminum Association as saying.The auto industry has been carrying out efforts to counter the supply constraints, including changing procurement across multiple routes, the report quoted Koji Sato, chairman of the Japan Automobile Manufacturers Association, as saying.Cost pressure is also a main concern for major auto companies, with Mitsubishi Motors (TYO:7211), Toyota Motor (TYO:7203), and Nissan Motor (TYO:7201) all expecting hits in their earnings due to higher material costs, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:7201TYO:7203TYO:7211
Asia

Market Chatter: Toyota to Import Taiwan-Built Cars Amid Japan's Production Crunch

Toyota Motor (TYO:7203) plans to diversify its regional vehicle supply network by importing Noah and Voxy minivans manufactured in Taiwan starting in October, following the launch of a dedicated assembly line there that same month, Nikkei Asia reported on Thursday.Persistent labour shortages and production capacity limitations have hindered the company's efforts to boost output, with lengthy delivery wait times becoming increasingly common across its Japanese operations, the news daily said.While Toyota intends to sustain domestic production at over 3 million units per year to safeguard the country's industrial foundation and workforce, it faces escalating investment demands driven by surging labor and material expenses, the publication said.The report states that, in response, the automaker is seeking foreign supply chains as a way to mitigate risk.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Market Chatter: Suzuki Poised to Overtake Honda as Japan's No. 2 Carmaker

Suzuki Motor (TYO:7269) is on track to overtake Honda Motor (TYO:7267) as Japan's second-largest automaker by global vehicle sales this fiscal year, driven by strong growth in India, Nikkei reported Friday.Suzuki forecasts automobile sales of 3.6 million units for the year ending March 2027, up 7%, compared with Honda's projection of 3.3 million units, according to the report.India is fueling Suzuki's expansion and is expected to account for about 60% of its global sales volume. The company has also avoided pressure from the U.S. tariff market and intensifying electric-vehicle competition in China, where several Japanese rivals are struggling, the report said.Suzuki posted record fiscal 2025 net profit of 439.2 billion yen on revenue of 6.29 trillion yen, though it expects profit to fall 13% this fiscal year due to higher raw material costs and Middle East-related risks, according to the report.Competition in India is intensifying as Honda and Toyota Motor (TYO:7203) expand in the market. Honda plans to launch new compact and midsize models from 2028, while Toyota aims to raise India production to 1 million units in the 2030s, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203TYO:7267TYO:7269
Asia

Market Chatter: Honda, Toyota China Sales Fall as Local EV Competition Intensifies

Honda Motor (TYO:7267) and Toyota Motor (TYO:7203) reported sharp sales declines in China in April as domestic competition intensified and weaker consumer demand weighed on the market, Nikkei reported Tuesday.Honda's China sales fell 48% from a year earlier to 22,595 vehicles, with demand slowing for core models including the Accord. Sales at its joint venture with Guangzhou Automobile Group dropped 64%, while deliveries at its venture with Dongfeng Motor Group fell 31%, according to the report.Honda said slower model updates hurt performance as Chinese brands and rivals accelerated new vehicle launches, the report said.Toyota's April sales in China declined 25% to 106,500 vehicles. The company said higher gasoline prices weakened demand for combustion-engine cars, while some consumers delayed purchases ahead of May Day promotions, according to the report.Sales at FAW Toyota fell 38%, while GAC Toyota posted a 10% decline. Deliveries for Toyota's Lexus marque dropped 29%. In contrast, Toyota's EV sales in China jumped 88% to 17,700 units. For the first four months of the year, Honda's China sales fell 28%, while Toyota recorded a 10% decline, the report said.China's overall vehicle sales dropped 20% during the period, according to the China Association of Automobile Manufacturers, amid weak domestic demand and reduced tax incentives for electric and new-energy vehicles, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203TYO:7267
Asia

Toyota Expects Lower Fiscal 2027 Profit Amid Tariff, Cost Pressures

Toyota Motor (TYO:7203) forecasts weaker profit for fiscal 2027 as rising material and energy costs linked to Middle East tensions are expected to weigh on earnings, according to a Friday filing on the Tokyo Stock Exchange.The automaker expects net income attributable to shareholders to decline 22% to 3 trillion yen in the year ending March 2027, with basic earnings per share projected at 251.25 yen. Revenue is expected to rise slightly to 51 trillion yen.For the fiscal year ended March 2026, Toyota reported net profit attributable to shareholders of 3.848 trillion yen, down 19% from a year earlier, while revenue rose 5.5% to 50.7 trillion yen. Earnings per share fell to 295.25 yen from 359.56 yen a year earlier.The company raised its annual dividend to 95 yen per share from 90 yen and forecast a payout of 100 yen for fiscal 2027.

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