Toyota Net Profit Rises 75.6% to 1.477 Trillion Yen; Honda and Suzuki Set Records

The consolidated April-June 2026 results of seven major automakers were all released on the 5th. Toyota, Honda, Suzuki and Mitsubishi Motors reported profit growth, while Nissan and Mazda returned to profitability and Subaru posted a profit decline. The weaker yen was a key driver of the earnings improvement, while the burden of US tariffs eased compared with the same period in 2024, supporting overall performance.

Toyota's net profit rose 75.6% year on year to 1.477 trillion yen. Although the company booked a 60 billion yen charge for discontinuing next-generation electric vehicle development and related items, the weaker yen significantly lifted profitability. Honda's net profit came to about 2.3 times the year-earlier level at 450.9 billion yen, a record high for the April-June period. Suzuki's net profit rose 80.0% to 183.6 billion yen, also a record for the quarter.

Nissan returned to profit with net profit of 3.7 billion yen, helped by cost-cutting measures, compared with a loss of 115.7 billion yen in the same period of 2024. Mazda also swung to a profit of 29.6 billion yen, against a loss of 42.1 billion yen a year earlier. Mitsubishi Motors' net profit rose 91.2%. Subaru's profit fell 10.3% as US sales volumes declined.