The Japanese auto maker said that net profit for the quarter ended March 31 fell to 533.8 billion yen ($4.09 billion). That beat the estimate for Y469.68 billion from a FactSet poll of analysts.
Fourth-quarter revenue increased 5.5% from a year earlier to Y8.112 trillion.
Like many other auto makers, Toyota is grappling with a shortage of chips and higher costs of materials caused by supply-chain disruptions.
Fourth-quarter operating profit fell for Japan, North America and Europe, though it increased in Asia excluding Japan.
|TM||TOYOTA MOTOR CORP.||159.08||+1.56||+0.99%|
Toyota said it expected group vehicle sales, including those of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. , to increase to 10.7 million units this fiscal year from 10.4 million units the previous fiscal year.
It expects revenue this year to increase 5.2% to Y33.000 trillion and net profit to drop 21% to Y2.260 trillion, citing higher costs of materials and logistics.
Write to Kosaku Narioka at firstname.lastname@example.org