By Kosaku Narioka

Toyota Motor is scheduled to report its third-quarter results on Friday. Here's what you need to know:

NET PROFIT FORECAST: Toyota's net profit is expected to have fallen 58% to 917.08 billion yen, equivalent to $5.85 billion, for the three months ended December, according to a poll of analysts by Quick. That's down from net profit of Y2.193 trillion in the year-earlier period.

REVENUE FORECAST: Third-quarter revenue is estimated to have increased 5.7% from a year earlier to Y13.092 trillion, according to the Quick poll.

The stock has risen 11% year to date through Wednesday, following a 6.7% gain in 2025.

WHAT TO WATCH:

--Toyota said in November that it expected U.S. tariffs to drag operating profit by Y1.45 trillion for the year ending March. Investors will be focusing on any updates from management on U.S. tariffs and steps being taken to mitigate the impact.

--For this fiscal year, Toyota has projected group vehicle sales to rise 2.6% to 11.3 million units, revenue to increase 2.0% to Y49.000 trillion and net profit to drop 38.5% to Y2.930 trillion. Investors will be closely watching any changes management may make to the annual forecasts.

--Electrified vehicles, including hybrid cars, plug-in hybrids and battery-electric vehicles, made up 46.2% of Toyota and Lexus cars sold in its second quarter, up from 45.5% a year earlier. The carmaker sold about 54,000 battery EVs, up from about 35,000 the previous year. Investors will be paying attention to the pace of EV sales growth and any related initiatives.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

February 05, 2026 01:21 ET (06:21 GMT)

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