Toyota raises profit outlook even as US tariffs bite
Toyota has increased its profit and sales forecasts for the current fiscal year, despite challenges from US tariffs. The company said it managed to reduce the impact of profit declines through cost-cutting and marketing. While profits dipped in the September-December quarter due to higher expenses from tariffs, sales continued to rise. Toyota also reported record global sales last month, maintaining its lead over rivals.
TLDR
- Toyota raised its net profit forecast for the year ending March 2026 to 3.57 trillion yen, up from 2.93 trillion yen.
- Sales are now expected to reach 50 trillion yen, compared to the previous forecast of 49 million yen.
- The September-December quarter saw net and operating profit fall, mainly due to increased expenses from US tariffs.
- Last month, Toyota announced record global sales in 2025, retaining its position as the world’s top automaker.
- US sales rose eight per cent despite a 25 per cent tariff on Japanese auto exports imposed by Washington between April and mid-September, before a 15 per cent cap was introduced.
