Toyota Motor publishes approximately 28 % in operating profit in the third quarter, and the estimates

Japan Toyota is an engine Wednesday I mentioned A second consecutive decrease in separate profit, with the announcement that it will establish a new company in China to make electric cars where it plays with EVS.

Here are the results of Toyota compared to analysts estimated by LSEG.

• profit: 12.39 trillion yen for 12.1 trillion yen
• Operating profit: 1.22 trillion yen for 1.39 trillion yen

the world The largest auto industry company By the sales volume witness a About 28 % decreased annually in operational profit during the end of the December.

The results of the second consecutive Mark Toyota decreased throughout the year in the operating profit after the company witnessed a 20 % decrease in profits on an annual basis in the previous quarter.

The net income that is attributed to the company, however, jumped to 2.19 trillion yen from 1.36 trillion yen a year ago.

The sales of the unified vehicle for the auto industry decreased in the third quarter of the third quarter to 2.44 million from 2.55 million units a year ago.

However, Toyota maintained its profit expectations throughout the whole year in 90 yen, compared to the distribution of profits of 75 yen in the previous year.

Toyota also raised operating income expectations by 400 billion yen to 4.7 trillion yen for the fiscal year.

The company said it will establish a fully owned company to develop and produce Lexus Bever and batteries in Shanghai, China. The new company is expected to start production in 2027.

Toyota shares rose more than 1 % in Tokyo on Wednesday.

Company Its decrease in its operational profits in the main North American region witnessed 113.7 billion yen in the quarter of December, on an annual basis, while it decreased by more than 46 billion yen in Asia.

Toyota was slower than competitors in embracing the full batteries electric cars, and instead it had Focus on the hybridAccording to local reports.