Toyota raises annual profit forecast as hybrid demand offsets China slump

Toyota Motor raises its annual profit forecast for the current fiscal year today, citing stronger-than-expected hybrid sales that are offsetting a slump in China, Nikkei Asia reports. The revision matters because hybrids are driving revenue and margins at a moment when price wars and softer demand are pressuring automakers in the world’s largest car market. It underscores how Toyota’s bet on hybrids is cushioning performance as the global EV rollout proves uneven and buyers hedge on charging and cost.

Nikkei Asia says brisk sales across Toyota’s hybrid lineup are helping counter slower China volumes, with the company signaling confidence in near-term demand and product mix. Analysts will watch for detailed guidance, regional breakdowns, and any commentary on competition with domestic Chinese brands and ongoing discounting. [Developing. This article will be updated.]