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

May 11, 2025 | News On Japan

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."

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