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The average annual salary at Toyota Motor has surpassed 10 million yen (about $62,500) for the first time among Japan's major automakers.
According to the Nikkei, Toyota employees — excluding part-time and other temporary workers — earned an average of 10,060,464 yen (about 95 million won, or roughly $62,900) in the fiscal year ending March 2026, up 230,000 yen ($1,430) from the previous year.
The figure represents a roughly 25 percent increase from the company's average salary 20 years ago.
Toyota has a total workforce of 73,133 employees, with an average age of 40.5. More than half work on the factory floor.
In March's "shunto" spring wage negotiations, Toyota accepted union demands for a monthly pay raise of up to 21,580 yen (about 200,000 won) and a lump-sum payment equivalent to 7.3 months of fixed salary. That marked the sixth consecutive year the company met union demands in full.
The wage increases extend across the industry. Honda, which is projecting a loss, also agreed in the spring talks to raise monthly base pay by 12,000 yen (about 110,000 won), while Nissan accepted union demands for a 10,000-yen (93,000 won) monthly raise and a bonus equivalent to five months of fixed salary.
Toyota posts record annual sales topping 50 trillion yen
Meanwhile, Toyota — the world's top automaker by volume — posted record annual sales for the fifth consecutive year in fiscal 2025 (April 2025 to March 2026). Net profit, however, has been forecast to decline for three straight years through the next fiscal year, weighed down by instability in the Middle East and other factors.
According to Kyodo News and the Nikkei, Toyota's fiscal 2025 sales rose 5.5 percent year-on-year to 50.6849 trillion yen (about 474 trillion won), making it the first Japanese company to surpass 50 trillion yen in annual sales.
Strong hybrid vehicle sales drove the revenue growth. US tariff policy, however, weighed on the bottom line, pushing consolidated net profit down 19.2 percent to 3.848 trillion yen (about 36 trillion won).
Toyota has forecast consolidated net profit for fiscal 2026 (April 2026 to March 2027) at 3 trillion yen (about 28 trillion won), a 22.0 percent decline from the prior year. If realized, that would mark three consecutive years of falling net profit.
A weak yen is expected to provide a tailwind of about 235 billion yen (roughly 2.2 trillion won). Sales for fiscal 2026 are projected to edge up 0.6 percent to 51 trillion yen (about 477 trillion won).
yul@heraldcorp.com
