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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.
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Toyota, hurt by President Trump’s tariffs, reports a drop in profit | The Asahi Shimbun Asia & Japan Watch
Toyota reported a 7% year-on-year drop in its profit for April-September on Wednesday, as President Donald Trump’s tariffs slammed Japanese automakers, but it raised its forecast for the full fiscal year.
·Tokyo, Japan
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Coverage Details
Total News Sources70
Leaning Left9Leaning Right7Center25Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 22%
C 61%
R 17%
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