India, Aug. 4 -- Japanese auto major Toyota Motor Corp. reported Tuesday significantly higher net earnings in its first quarter, while operating income declined from last year with weak sales volume. Further, the firm upgraded fiscal 2027 outlook, still expecting weak earnings, but higher sales revenues and volume.
The company also announced share repurchase authorization of up to 1 trillion yen in open market purchases. Treasury stock of 200 million shares, or 1.37% of total number of issued shares, will be cancelled.
In Tokyo, the shares were losing around 1.91 percent, trading at 2,907.00 yen.
Looking ahead for the full year ending March 31, 2027, the company now expects attributable profit of 3.25 trillion yen or 272.17 yen per basic...