"Toyota indicated it faces a 1.4tn yen hit from Donald Trump's trade tariffs, affecting net profits and leading to a cut in guidance for the upcoming year."
"Despite a forecasted decrease in operating profit to 3.2tn yen by March 2026, Toyota reported record sales of 5.1m vehicles in the first half of the year."
Toyota reported a significant 1.4tn yen impact from Donald Trump's trade tariffs, contributing to a drop in net profit and a downward revision of its future profit outlook. The operating profit is now expected to be 3.2tn yen for the financial year ending March 2026, which is a 16% decrease from prior estimates. The impact stems from increased tariffs on car imports, rising material costs, and a stronger yen. Despite these financial challenges, Toyota achieved record vehicle sales, driven by demand for hybrids, totaling 5.1m units in the first half of the year.
Read at www.theguardian.com
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