Toyota Plans to Expand Local Procurement in China, Releases FY2027 Half-Year Report

On November 5, Toyota Motor released its half-year report for fiscal year 2027 (April 1, 2026 to March 31, 2027), covering the statistical period from April 1, 2026 to September 30, 2026. The report showed: total operating revenue of 26.96 trillion yen, up 9.5% year on year; net profit attributable to shareholders of 2.24 trillion yen, up 26.1% year on year; basic earnings per share of 185.97 yen, up 36.67% year on year; diluted earnings per share of 185.97 yen, up 36.67% year on year. Global sales on a consolidated basis were 4.758 million units, down 0.5% year on year; domestic sales in Japan rose 5.6% year on year, while overseas sales fell 2.1% year on year. Toyota raised its profit forecast for fiscal year 2027. As reported last week, Toyota Motor said it plans to reverse its declining market share in China by bringing in local suppliers and changing its traditional procurement structure. Reports on October 16 local time showed that Toyota Motor plans to introduce self-developed integrated die-casting equipment to produce electric vehicles at its Lexus plant in China, which was built at a cost of $2 billion. Toyota Chief Technology Officer Hiroki Nakajima said the integrated die-casting technologies used at the plant are entirely developed in-house by Toyota. The Shanghai plant is currently under construction and is expected to officially start production in 2027.