Toyota profit plunges 19% as US tariffs cost $9 billion
Toyota's net income fell 19% to ¥3.85 trillion for the fiscal year, and the automaker slashed its operating income forecast by over 20% for the coming year. The decline was largely driven by U.S. tariffs, which wiped out $9 billion in operating income. The results reflect mounting pressure on global automakers from trade policies and shifting market conditions.
Key facts
- Net income fell 19% to ¥3.85 trillion
- Operating income forecast cut by more than 20%
- U.S. tariffs wiped out $9 billion in operating income
- Fiscal year results reflect impact of trade policies
Entities
Institutions
- Toyota
Locations
- United States
- Japan
Sources
- Quartz —