Tokai Rika forecasts profit decrease for FY2026, achieves highest-ever sales and profit in FY2025 Tokai Rika Co., Ltd. (Tokai Rika) announced on May 15 that it expects an operating profit of JPY 30 billion, a year-over-year (y/y) decrease of 15.8%, for the fiscal year that ends in March 2027 (FY 2026). This forecast takes into account the impact of the situation in the Middle East, and the price hikes of raw materials. The net profit is expected ...

News  Updated at: 2026/05/18

Hino and MFTBC's Archion plans for first-year revenue of JPY 2.425 trillion Archion Corporation, the holding company that owns Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, Ltd. (Hino), announced on May 14 its financial forecast for the fiscal year ending March 2027, its first year in business, projecting revenue of JPY 2.425 trillion and operating profit of JPY 110 billion. Archion was listed on the Tokyo Stock Exchange Prim...

News  Updated at: 2026/05/15

rs of parent increased by 5.6% to JPY 439.3 billion. This was mainly influenced by the market condition in India becoming more active than initially anticipated following the revision of the Goods and Services Tax (GST). By responding swiftly to the increase in demand, the company maintained strong sales. On the other hand, rising raw material costs and continued investments for growth in people and technology, were factors that reduced profits. ...

News  Updated at: 2026/05/14

announced its consolidated earnings results for the full fiscal year ending March 2026 (FY2025). Revenue increased 7.5% YoY to JPY 3,479.1 billion, operating income fell 11.2% to JPY 203.7 billion and net income attributable to owners of parent decreased 3.7% to JPY 134.9 billion. While higher unit sales and price realization contributed positively, these effects were more than offset by U.S. tariffs, rising material costs, foreign exchange impac...

News  Updated at: 2026/05/13

GlobalData blog: How the Iran war is driving Europe toward Chinese EVs Europe has established a policy framework to electrify its car market and curb its reliance on imported energy, and on the first count, it is delivering. In 2025, a fifth of all vehicles sold in Europe were electric, while 2026 is forecast to end closer to a quarter. March provided the clearest signal yet as Battery Electric Vehicles (BEVs) outsold Internal Combustion Engines ...

News  Updated at: 2026/05/13

and foreign exchange rates, as well as a global reassessment of the timeline for electrification, the company improved its operating profit in the second half of the year and secured operating profit for the full year through efforts such as cost reduction, a revised pricing strategy, the launch of sales of the compact SUV "CX-5" in Europe and the United States, after a full model change for the first time in about eight years, and the introducti...

News  Updated at: 2026/05/12

Mitsubishi Motors reports 45.6% decrease in operating profit for fiscal year 2025 Mitsubishi Motors announced its full-year financial results for fiscal year 2025 on May 8. Net sales increased 3.9% year-on-year to JPY 2,896.5 billion, operating profit decreased 45.6% to JPY 75.5 billion, and net profit attributable to owners of parent decreased 75.6% to JPY 10 billion. Global sales for the full fiscal year decreased 5% to 797,000 units. Despite ...

News  Updated at: 2026/05/11

Subaru revises down financial forecasts for FY2025, EV-related impairment loss recognized On May 11, Subaru has revised its consolidated financial forecast for the fiscal year ending March 31, 2026 (FY2025) which was previously announced on February 6, 2026. The company lowered its revenue forecast from JPY 4.8 trillion to JPY 4.78 trillion. This represents a 2.0% increase compared to the same period last year. The company also lowered its operat...

News  Updated at: 2026/05/11

Brazilian vehicle sales increase 19.0% to 248,337 units in April 2026 (ANFAVEA) The Associacao Nacional dos Fabricantes de Veiculos Automores (ANFAVEA) announced that Brazilian vehicle sales (including trucks and buses) increased 19.0% YOY to 248,337 units in April 2026. The recovery in domestic demand, the expansion of demand for battery-electric vehicles (BEVs) and price competition due to the entry of Chinese makers pushed up sales. Of the new...

News  Updated at: 2026/05/11

Toyota’s Financial Results: More earning power required; Middle East situation and product mix change, such as EVs, lowering profit Changes in the business environment, such as geopolitical risks, are directly impacting the business performance of Toyota Motor Corporation (Toyota). In the forecast for the fiscal year ending March 31, 2027, the company expects record sales due to strong sales of hybrid vehicles (HV). However, rising raw material...

News  Updated at: 2026/05/11

Brazilian vehicle sales up 19.0% in April 2026, best April in 12 years (Fenabrave) On May 5, the Brazilian dealer association Federacao Nacional da Distribuicao de Veiculos Automotores (Fenabrave) announced combined sales of 248,353 new passenger cars, light commercial vehicles, trucks, and buses in April 2026, 19.0% up compared to April 2025 and a decrease of 7.8% from March 2026. It was the best April in 12 years. Vehicle sales in April 2026 co...

News  Updated at: 2026/05/06

Brazilian vehicle sales increased 37.8% to 269,483 units in March 2026 (ANFAVEA) The Associacao Nacional dos Fabricantes de Veiculos Automores (ANFAVEA) announced that Brazilian vehicle sales (including trucks and buses) increased 37.8% YOY to 269,483 units in March 2026. The significant increase was due to a recovery in loan demand due to lower interest rates, fleet renewals by corporations and rental car companies, and the effect of introducing...

News  Updated at: 2026/04/10

Brazilian vehicle sales up 37.9% in March 2026 (Fenabrave) On April 7, the Brazilian dealer association Federacao Nacional da Distribuicao de Veiculos Automotores (Fenabrave) announced combined sales of 269,463 new passenger cars, light commercial vehicles, trucks, and buses in March 2026, 37.9% up compared to March 2025 and an increase of 45.6% from February 2026. Vehicle sales in March 2026 consisted of 206,375 passenger cars; 51,848 commercial...

News  Updated at: 2026/04/08

rogram, for a limited amount of vehicles. Rivian's software chief Wassym Bensaid also confirmed that employee deliveries would begin in April, with regular customers to follow shortly in May or June. In March, Rivian unveiled the production version of the R2 crossover in March, confirming then that sales would start this spring. Rivian used the strategy of starting deliveries with employees for both the R1T and R1S, giving Rivian a last chance to...

News  Updated at: 2026/04/08

GlobalData blog: GlobalData revises forecasts down on Middle East conflict The conflict in the Middle East has continued to be a focus of concern through March 2026, and certainly since GlobalData’s Global Light Vehicle Sales Forecast (G LVSF) was published on March 10th, 2026. At the time of the G LVSF publication, we had reduced the forecast for the next few years to capture the evolving events.That adjustment focused on lowering the Middle E...

News  Updated at: 2026/03/26

ective, current estimates suggest a unit price of around USD 20,000-30,000 per robot, while investment banks project significant long-term market potential. Morgan Stanley estimates a total addressable market of roughly USD 5 trillion, or up to 1 billion humanoid robots by 2050, while Goldman Sachs forecasts around 250k units deployed globally by 2030 as the technology enters early commercialization. Operationally, Optimus is designed for continu...

News  Updated at: 2026/03/23

BMW Thailand flags Middle East tensions, rising oil as risk to Thailand’s auto market recovery Reported on March 20, 2026, BMW Group Thailand cautioned that the country’s automotive recovery may face challenges, as luxury car sales are expected to remain stable throughout the year. The company cited rising oil prices and Middle East tensions as potential pressures on consumer confidence that could influence spending, and said it is closely mo...

News  Updated at: 2026/03/20

Honda cuts FY2025 forecast, expects up to JPY 690 billion net loss as it reviews EV strategy On March 12, Honda Motor Co., Ltd. (Honda) announced that it expects its loss for the year attributable to owners of the parent (under IFRS) to be up to JPY 690 billion for the fiscal year ending March 2026. This represents a downward revision of up to JPY 990 billion from its previous forecast of a net profit of JPY 300 billion, a 64% decrease from the p...

News  Updated at: 2026/03/12

6, especially in China, where the luxury market is under pressure and EVs face strong price competition. The company also expects geopolitical uncertainty and U.S. tariff policies to continue affecting business. However, possible effects from recent Middle East developments are not included in this forecast. For 2026, Porsche forecasts EUR 35-36 billion in sales revenue and an operating return on sales of 5.5–7.5%. It also expects an automotive...

News  Updated at: 2026/03/11

gh-volatility period when both oil prices and business confidence rose in tandem was the global commodity boom 2003 – 2007. In these periods, oil prices act as a real-time barometer for global economic health and are read as such by businesses.  As a result, the link between truck demand / truck sales and oil prices is tenuous, at best. Recent history suggests that the European truck market is likely to ride out the storm, provided the conflic...

News  Updated at: 2026/03/11