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Toyota Arm That Keeps 150 Million Cars on Road Also Top Earning

Toyota Motor used vehicles displayed for sale at a dealership in Tokyo.Photographer: Toru Hanai/Bloomberg

Toyota Motor Corp. has amassed a lucrative, growing after-sales and service operation that keeps 150 million of its vehicles on roads around the planet — and the business is poised to become the company’s biggest source of profit.

Toyota’s value chain arm is growing steadily. The unit is projected to exceed operating profit from new car sales during the fiscal year ending March 2026, after reaching ¥2 trillion ($13.3 billion) for the first time ever the previous year, the company said.