Toyota issues muted profit forecast following blowout 2024 results

Toyota (TM), the world's largest automaker by production, reported blowout results for its fiscal year 2024, though investor response was muted as the company issued a conservative outlook, reflecting heavy investments that need to be made as its business transforms. Toyota projects FY 2025 sales revenue will climb 2% to 46 trillion yen ($295.6 billion), with operating income slipping nearly 20% to 4.3 trillion yen ($28 billion) and net income dropping nearly 28% to 3.57 trillion yen ($23 billion). "We intend to draw up further growth strategies for sustainable growth. To that end, we will continue to focus on giving…