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Toyota Motor June-quarter profit beats estimates but drops 11% as U.S. tariffs bite
JAPAN, AUG 7 – Toyota expects a 16% profit decline for the fiscal year ending March 2026 due to US tariffs and higher costs, with a $9.5 billion annual profit impact from import levies.
- Toyota Motor reported its April-June operating income of 1.17 trillion yen, down 11% but above the 890 billion yen analyst estimate.
- Toyota Motor assumed US tariffs would be 15%, currently at 15%, and expects a 1.4 trillion yen profit reduction from President Donald Trump’s tariffs.
- Toyota Motor says tariffs cut 450 billion yen from quarterly operating profit, despite sales rising to 12 trillion yen.
- Forecast revision to 3.2 trillion yen from 3.8 trillion yen for fiscal year ending March 2026, shares fell as much as 2.4% in Tokyo, Toyota Motor said.
- Despite tariff headwinds, Toyota Motor sold 5.5 million units between January and June, a 7.4% increase driven by demand in the United States, Japan, and China.
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US tariffs took Japanese car giant Toyota on Thursday to cut its annual net profit forecasts by 14%. The world’s largest car manufacturer now expects a profit of 2.66 trillion yen (about 18 billion dollars), compared to the previous 3.1 trillion yen. “Because of the impact of US tariffs and other factors, real results showed a decrease in operating revenues, so the forecast has been revised downward,” the company said in a statement. “His shares…
·Washington, United States
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Total News Sources137
Leaning Left25Leaning Right14Center49Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 28%
C 56%
R 16%
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