Toyota Motor Corp. reported that net revenues in the first six months ended September declined 6.3% to 12 trillion yen from 13 trillion yen a year ago, while operating income fell 54.2% to 582 billion yen from 1.2 trillion yen a year ago.

The carmaker forecasts that annual revenues ending in April 1 will decline 12.5% to 23 trillion yen and net to dip 68% to 550 billion yen.