Toyota Expects 35% Drop in Net Profit as Tariff Uncertainty Weighs

TOKYO, May 11 (News On Japan) - Toyota Motor announced on May 8th its earnings forecast for the fiscal year ending March 2026, projecting a 1.0% year-on-year increase in revenue to 48.5 trillion yen, but a 34.9% decline in net profit to 3.1 trillion yen.

The company has provisionally factored in the impact of U.S. tariff measures under the Trump administration for the months of April and May. It estimates that these tariffs will lower operating profit by 180 billion yen over the two-month period.

Speaking at a press conference in Tokyo, President Koji Sato acknowledged the uncertainty surrounding the tariff policy and said, "It's hard to predict what lies ahead, but rather than panicking, we intend to stay grounded and focus on what we can control."

Typhoon Makes Landfall in Hokkaido for First Time in Nine Years

Typhoon No. 5 made landfall near Cape Erimo in Hokkaido in the early hours of July 15th, marking the first time in nine years that a typhoon has struck the northernmost of Japan’s main islands.

Japan's Ruling Bloc Faces Tough Battle to Keep Majority

The ruling coalition is facing an increasingly difficult battle to retain its majority in Japan’s House of Councillors, according to a mid-campaign opinion poll by FNN ahead of the July 20th election. Meanwhile, the minor party Sanseitō is showing strong momentum and could see a significant boost in its number of seats.

Man Killed by Bear Attack While Delivering Newspapers in Hokkaido

A 52-year-old newspaper deliveryman was killed in the early hours of July 12th after being attacked by a bear in a residential area of Fukushima Town, Hokkaido.

Illegal Outdoor Bathing Spot in Niseko Forced to Close

A hot spring inn in the popular resort area of Niseko, Hokkaido, has been forced to suspend operations at one of its baths after an unauthorized open-air bath was found to have been built near its hot spring source.

Hermes Birkin Breaks Record as Japanese Collector Pays 1.47 Billion Yen

A first-generation Hermes Birkin bag has been sold at a Paris auction for approximately 1.47 billion yen, marking the highest price ever paid for a handbag. The winning bidder was a Japanese collector, and the sale was held by Sotheby’s.

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Rakuten Sues Government over Ban on Furusato Tax Points

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Nissan Delays Production of Two EV Models in the U.S.

Nissan Motor, which has been grappling with sluggish business performance, is set to delay the production of two electric vehicle models it had planned to launch in the United States. The affected models are sport utility vehicles originally scheduled to be produced at the company’s Mississippi plant starting in 2028. The company did not disclose a new timeline for the start of production.

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