Aug. 7 at 4:37 PM
Toyota
$TM sees
$9.5 billion impact from U.S. tariffs and cuts 2026 forecast
The squeeze from U.S. tariffs is weighing on Toyota’s results, prompting the company to revise down its profit forecast for fiscal year 2026. The Japanese automaker now expects an operating profit of around 3.2 trillion yen for the fiscal year ending in March 2026, down from its previous estimate of 3.8 trillion yen.
Dragging down the outlook is the impact of tariffs, which the company estimates at approximately
$9.5 billion. In the first quarter alone, tariffs reduced operating profit by 450 billion yen, resulting in an 11% decline compared to the same period last year.
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