Toyota's first-quarter profit dipped, yet the company announced a share buyback and raised its full-year outlook.
The share buyback was reported as $6.4 billion by one source and as ¥1 trillion by another. It is unclear whether these figures refer to the same buyback amount expressed in different currencies.
Reported size of Toyota's share buyback.
One source reported the buyback in yen, totaling ¥1 trillion. Another source reported it in dollars, totaling $6.4 billion. The two reports likely describe the same buyback, but this is not confirmed.
Toyota also hiked its full-year outlook. According to one source, the company raised its profit outlook specifically.
Resilient hybrid demand and a weak yen helped make up for rising costs, tariffs, and supply disruptions, according to one source.