Toyota announces $6.3 billion buyback and raises profit forecast

Toyota announced a $6.3 billion share buyback and raised its annual profit forecast on August 4, 2026, citing a weaker yen that boosts overseas earnings. The company's shares fell despite the positive news, likely due to profit-taking or unmet expectations. The buyback is part of Toyota's strategy to return cash to shareholders. The announcement was made in Japan, where Toyota is headquartered.