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Toyota Cites Tariffs As It Forecasts 35% Net Profit Drop

Quotes

    • 88:88
      They don't take our cars, but we take MILLIONS of theirs!"
      International Business Times AU
      Trump said in April, accusing Japan of treating its ally "very poorly on trade".
    • 88:88
      The estimated impact of US tariffs in April and May 2025 have been tentatively factored in,
      International Business Times AU
      the world's top-selling automaker said in a statement
    • 88:88
      Automakers are doing what they can in trying to shift production to the United States, even though there are no huge changes (right away) as shifting production takes time,
      International Business Times AU
      Takaki Nakanishi of auto sector consulting firm Nakanishi Research Institute told AFP
    • 88:88
      The whole country including suppliers would be left at a loss if Toyota doesn't issue some kind of benchmark" on the impact of the tariffs
      International Business Times AU
      he said ahead of Thursday's results
    • 88:88
      US tariffs are currently being negotiated between governments, and details are still fluid,
      International Business Times AU
      he said
    • 88:88
      My feeling is that Toyota will somehow find a way to calculate the impact of tariffs and have it reflected on its forecast,
      Japan Today
      he told AFP ahead of the earnings report
    • 88:88
      The current environment surrounding the auto industry, including trade relations, is in extreme flux,
      The New York Times
      he said
    • 88:88
      The focus is on the guidance for the fiscal year ending March 2026,
      Reuters
      said Seiji Sugiura, a senior analyst at Tokai Tokyo Intelligence Laboratory