Despite the constant negative news about Toyota, this does not seem to have affected the company's earnings. Specifically, from April to June, that is, in the first quarter of fiscal 2025, the automaker deposited $8.9 billion, an increase of 1.7% from the same period last year, a record for the company. Operating income was $8.9 billion, up 17% year-over-year, and revenue was up 12% to $78.7 billion, which was also a record for the first quarter.
At the same time, Toyota's global sales fell by 1.9% during this period. Sales in Japan fell in particular, down 14 percent, mainly due to problems with many vehicles. However, Toyota continued to shine in the North American market, with sales up 14.3% in the first half of this year.
How can a company report record profits amid declining overall sales? Toyota pointed to the depreciation of the yen as the main reason and said that if the yen rebounds, the numbers could rebound, which it is doing now. Second-quarter figures will also be affected by improved sales in Japan, as the suspension of sales of the Yaris Cross and Corolla was affected by the scandal.
Meanwhile, in the United States, Toyota has good sales of all models except Highlander and Tacoma, which fell by more than 40% in the first half of this year. As of June, 14,032 units of the new Crown were sold, and the Camry continued to be the sedan superstar with 155242 units sold, up 3%. However, SUVs are still the main force (the Highlander is an exception), with all models up at least 30%. Toyota's best-selling RAV4 has already reached 248295 units sold.