News On Japan

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

TOKYO - 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."

News On Japan
POPULAR NEWS

Typhoon No. 24 was nearly stationary south of Japan as of 9 p.m. on September 1 and is expected to move north toward the Amami Islands, where its effects could persist for several days while an autumn rain front raises the risk of heavy rainfall across a wide area.

Universal Studios Japan is considering its first expansion since opening in 2001, with plans to use about 60,000 square meters of former Nippon Steel factory land adjacent to the park and potentially increase its total area by roughly 10%.

Japan will lower the statutory speed limit on certain residential roads from 60 kilometers per hour to 30 km/h from September 1, with police in Hyogo Prefecture urging drivers to familiarize themselves with the new rules and drive more carefully in neighborhood areas.

Residents in Fukui Prefecture began clearing flood-damaged homes early on August 31 as temperatures climbed sharply following record rainfall, prompting authorities to issue a heatstroke alert while recovery work continued in severe heat.

Drones were used to deliver food and daily necessities to an isolated mountain community in Himi City, Toyama Prefecture, on August 30 after torrential rain triggered a landslide that cut off road access, while volunteers continued flood recovery work in neighboring Ishikawa Prefecture.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo stocks ended mixed on September 1, with the Nikkei 225 closing at 66,215.34, down 96.59 points, or 0.15%, as rising bond yields and weakness in semiconductor shares weighed on the index, while the broader TOPIX rose 25.57 points, or 0.62%, to 4,181.86 for its ninth straight gain.

Japan's benchmark long-term interest rate reached 3% on September 1, its highest level since 1996, as government bond selling accelerated on expectations of a possible Bank of Japan rate hike, rising U.S. yields and growing concerns over Japan's fiscal outlook.

Honda and Nissan Motor have agreed to jointly develop an operating system and onboard computers for next-generation vehicles, aiming to introduce the technology in new models from fiscal 2029 as they seek to compete with U.S. and Chinese automakers.

Japan began producing a commemorative 1,000-yen silver coin marking 100 years since the start of the Showa era at the Japan Mint in Osaka on August 31, with a first-striking ceremony held to mark the start of production.

Tokyo stocks ended mixed on August 31, with the Nikkei 225 closing at 66,311.93, down 93.63 points, or 0.14%, after briefly plunging more than 1,500 points in early trading, while the broader TOPIX rose 9.58 points, or 0.23%, to 4,156.29 for its eighth straight gain.

Japan's benchmark long-term interest rate briefly climbed to 2.95% on August 31, its highest level in about 30 years, as investors sold government bonds on expectations of further Bank of Japan rate increases, rising U.S. yields and concerns over the outlook for government spending.

Curry restaurant chain CoCo Ichibanya will introduce a late-night surcharge for the first time from September 1 and raise prices on a dozen toppings as higher ingredient, packaging and labor costs put pressure on operations.

Working with a Forex broker is a great idea if you want to learn the ropes as a trader, or if you have more experience within this niche.