Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
1. Toyota reports a 28% drop in quarterly operating profit year-on-year. 2. Second consecutive decline in operating profit indicates competitive pressures. 3. Net income increased to 2.19 trillion yen, showing resilience despite profit drop. 4. Vehicle sales decreased to 2.44 million units, indicating potential market challenges. 5. Competition in China and EV market shifts impact Toyota’s financial performance.