- Hino ceased to be a consolidated subsidiary of Toyota effective April 1, 2026, following its business integration with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) under a definitive agreement concluded June 10, 2025. Hino's assets were reclassified as held for sale as of March 31, 2026, and Hino's Hamura Plant will transfer to Toyota as Toyota Motor Hamura, Inc. before the integration completes in FY2027. Hino reached criminal and civil settlements with the U.S. DOJ and federal/California authorities (effective March and May 2025), and settlements in Canada (final court approvals May–June 2025), Australia (final approval July 2025), and New Zealand (agreement February 2026); FY2025 costs related to Hino's emissions certification issues totaled ¥281.1 billion.
- Toyota Battery Manufacturing, North Carolina (TBMNC), Toyota's first battery plant outside Japan and its 11th U.S. plant, began supplying batteries during FY2026; at full production it will operate 14 lines supporting HEV, BEV, and PHEV batteries for the Camry, Corolla Cross, RAV4, and a yet-to-be-announced all-electric 3-row BEV. Toyota Woven City officially launched on September 25, 2025, with external partners commencing product and service demonstrations and initial residents moving in; Phase 1 population is expected to reach approximately 300, and the Inventor Garage co-creation hub opened in April 2026.
- Toyota launched the all-new 6th-generation RAV4 featuring its Arene software development platform for software-defined vehicles and the all-new 8th-generation Lexus ES offering both HEV and BEV powertrains. In battery development, Toyota reported reducing the size of its all-solid-state batteries by one-third versus conventional batteries while maintaining performance, targeting BEV commercialization in 2027–2028; in October 2025 it announced a collaboration with Sumitomo Metal Mining for mass production of cathode materials for all-solid-state batteries. R&D expenditures rose to ¥1,522.8 billion from ¥1,326.4 billion in the prior year.
- Toyota established Lexus (Shanghai) New Energy Co., Ltd. as a wholly owned subsidiary under a comprehensive carbon-neutrality partnership with the Shanghai municipal government; the company will develop and produce Lexus-branded BEVs with production beginning from 2027 at initial capacity of approximately 100,000 units per year. In the hydrogen business, cumulative global sales of fuel-cell units exceeded 3,000 as of December 2025; 50 heavy-duty fuel-cell trucks began operating in China in 2025 in partnership with GLP China and domestic logistics firms, and approximately 200 fuel-cell electric trucks and 180 fuel-cell electric buses were on roads in Japan. A next-generation third-generation fuel-cell unit, targeting twice the durability of the current generation and 20% improved fuel efficiency, is planned for rollout from fiscal 2027.
- Elevated U.S. tariffs imposed in 2025 had a ¥1,380 billion unfavorable impact on FY2026 operating income, swinging North America operating income from a ¥108.8 billion profit in FY2025 to a ¥192.6 billion loss. Consolidated vehicle unit sales increased 2.5% to 9,595,000 units (North America up 8.5% to 2,934,000), and total worldwide production rose to 9,293,000 units. Total capital expenditures for property, plant, and equipment were ¥6,059.7 billion, with principal investments at TBMNC (¥730.6 billion), Toyota Motor Thailand (¥290.1 billion), Toyota Motor Manufacturing Kentucky (¥221.4 billion), and Indiana (¥184.0 billion).
- Subsequent to March 31, 2026: Toyota decided in late May 2026 to discontinue development of the LF-ZC BEV, which had been planned for production in Japan and sale in North America, Europe, and Japan, while confirming no changes to other key BEV development programs. Toyota Industries Corporation was delisted from the Tokyo Stock Exchange on June 1, 2026, following a tender offer completed in March 2026 and a share consolidation (74,100,604-to-1) effective June 3, 2026, as part of a transaction to take the company private; Toyota Fudosan's tender offer for Toyota Industries shares was completed on March 24, 2026.
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