Agency. Japan’s Toyota Motor Corp. said it expects its net profit for fiscal 2025 to fall 34.9 percent year-on-year to 3.1 trillion yen (about $21.6 billion) due to higher U.S. tariffs and a strong yen.
Toyota said it expects its operating profit to fall to 3.8 trillion yen in the current business year through March, down 20.8 percent from fiscal 2024, on sales of 48.5 trillion yen.
That’s up 1.0 percent. The Japanese automaker posted a net profit of 4.77 trillion yen for the business year ending in March, down 3.6 percent from a year earlier. Record sales of 48.04 trillion yen.
That’s up 6.5 percent. The estimated impact of U.S. tariffs in April and May 2025 has been provisionally factored in. The world’s top-selling automaker said its operating profit would fall by 180 billion yen in the two months to May. Toyota exports about 500,000 vehicles from Japan to the United States annually.
Meanwhile, the yen’s appreciation against the U.S. dollar is another factor weighing on the forecast. For fiscal 2025, the yen’s appreciation is expected to reduce Toyota’s operating profit by 745 billion yen.
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