Toyota Motor Corporation

Toyota Motor Corporation is the world’s largest automobile manufacturer by volume, known for producing reliable and innovative vehicles. For fiscal year 2024 (ending March 31, 2025), Toyota reported annual revenue of approximately ¥45.1 trillion (about US$333.6 billion), a 21.4% increase compared to the previous year, driven largely by favorable foreign exchange rates as most of its sales are international.

Despite the revenue growth, net profit slightly declined to ¥4.77 trillion (around US$33 billion) from ¥4.94 trillion the year before, due to rising raw material costs, the impact of U.S. import tariffs, and a recent vehicle certification scandal that affected the company’s quality reputation.

Toyota manufactures a diverse range of vehicles, including passenger cars, trucks, and hybrid models. The company is a pioneer in hybrid technology, with its popular Prius model among the first mass-produced hybrids globally. Beyond conventional vehicles, Toyota is actively investing in future mobility technologies such as electric vehicles (EVs), hydrogen fuel cell vehicles, and autonomous driving systems.

The company’s strategic focus includes accelerating its clean energy transition by expanding its portfolio of EVs and hybrids, innovating in mobility technologies, and broadening its global market presence, especially in emerging economies as well as major markets like North America and Asia.

Toyota’s commitment to sustainability, quality, and technological innovation underpins its position as a global automotive leader, continuing to shape the future of mobility while navigating evolving industry challenges.