Tokyo, Jan 25, 2026, 04:13 (JST) — Market closed.
- Toyota shares ended Friday’s session in Tokyo at 3,624 yen, rising 1.1%; meanwhile, their U.S.-listed counterparts dipped roughly 0.3%.
- Toyota has issued a U.S. safety recall for roughly 162,000 2024-2025 Tundra and Tundra Hybrid models due to a problem with their multimedia displays.
- Yen volatility is catching traders’ attention, along with Toyota’s FY2026 third-quarter results set for Feb. 6.
Toyota Motor shares start the week under the shadow of a U.S. safety recall, following a surge in Tokyo on Friday amid choppy currency moves affecting exporters.
Why it matters now: Toyota is approaching its next earnings report amid growing market jitters over the yen’s fluctuations—a key factor in how Japanese exporters convert profits. At the same time, investors remain sensitive to quality concerns, which often spark swift headline reactions.
Toyota is recalling roughly 162,000 2024-2025 Tundra and Tundra Hybrid trucks in the U.S. due to an issue where the multimedia display may freeze on the camera view or go black under specific conditions. Dealers will roll out an update to the Parking Assist ECU software, with customer notifications expected by late March, according to the company. 1
In Tokyo, Toyota (7203) closed Friday at 3,624 yen, marking a 1.12% gain for the day but still down 1.25% over the past five sessions, per MarketScreener. Meanwhile, in the U.S., Toyota’s ADRs (TM) slipped about 0.3% to $226.28. 2
As Monday’s session opens, traders will be keen to see if the recall prompts any fresh developments — such as updates on repair speed, dealer bottlenecks, or broader consequences. Attention will also turn to whether a yen move triggers spillover effects for other Japanese exporters.
The yen has been moving aggressively. “If it looks like an intervention duck … it’s probably an intervention duck,” said Karl Schamotta, chief market strategist at Corpay, as traders speculated whether Japanese authorities were actively intervening or just being anticipated. The dollar fell 1.66% against the yen in the latest session, according to Reuters. 3
Toyota’s shares frequently move as much because of currency shifts as company news. That creates a tricky situation: a recall impacting a major U.S. model lands alongside a currency environment that can flip reported margins week to week.
That said, setbacks remain possible. Recalls could expand, software updates might drag on, and a stronger yen over time would squeeze earnings as foreign profits get converted back.
Toyota’s FY2026 third-quarter earnings drop on Feb. 6 will be the next major event. Investors will zero in on margin forecasts, currency assumptions, and any new details about recall expenses or operational challenges. 4
