NewsMV
Toyota Motor is targeting a roughly 40% increase in operating profit from its non-vehicle businesses, aiming for Y3tn ($19.23bn) in what it calls "value chain revenue" by fiscal 2030, Nikkei Asia reported.
The strategy draws on approximately 150 million Toyota vehicles currently in global use, monetized through software updates, leasing, financing and parts sales.
The segment generates around Y2.1tn in operating profit today.
Toyota is planning increments of roughly Y150bn per year through 2030, with the Y3tn target representing approximately 80% of the company's consolidated operating profit for the year ended March.
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