US EditionPublished • loading... • Updated
Toyota reports a drop in profit as Trump’s taxes hurt Japanese automakers
- On Wednesday, Toyota Motor Corp. reported a 7% profit decline for April–September, with net profit totaling 1.77 trillion yen, down from 1.9 trillion yen a year earlier.
- U.S. 'reciprocal' tariffs introduced in April caused Toyota's profit to fall for a second quarter, with the 15% tariffs taking effect on Aug. 7 and Japanese exporters’ shipments dropping 28.4% in August and 24.2% in September.
- Sales data show that vehicle sales, including Lexus, reached 5.3 million recently, with more than 1.5 million in North America and 970,000 in Japan, and cost measures are expected to add more than 900 billion yen.
- Full-Year guidance now reflects a lift from 2.66 trillion yen forecast, after earlier projecting a 38.5% drop from last year's 4.77 trillion yen profit.
- First-Half figures show sales rose 5.8% to 24.6 trillion yen , and the latest quarter delivered a 62% profit increase to 932 billion yen on 12.38 trillion yen in sales.
Insights by Ground AI
68 Articles
68 Articles
Coverage Details
Total News Sources68
Leaning Left8Leaning Right7Center24Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 20%
C 62%
R 18%
Factuality
To view factuality data please Upgrade to Premium
