Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit

Japan Today

Summary

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FY2024 Q4 operating profit expected to show first y/y rise in three quarters
Reuters
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The automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with President Trump’s tariffs.
The New York Times
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Japan’s top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal.
The Independent
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For the current financial year that began in April, Toyota now forecasts net profit of 3.1 trillion yen ($21.6 billion).
Hürriyet Daily News

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