Toyota Warns 22 Percent Profit Drop as US Tariffs Bite Hard

Published on 8 May 2026

Tariffs loom as Toyota still leans on sales volume

Toyota expects its net profit to fall 22% in the coming fiscal year, blaming the drag from US tariffs. The automaker previously reported a 19.2% profit decline for 2025-26, but says it has stayed resilient thanks to higher sales volumes and price adjustments, supported by strong product competitiveness.

Toyota forecasts a 22% net profit drop due to US tariffs
Profit fell 19.2% in the 2025-26 fiscal year
Toyota cites resilience from higher sales volumes
Price adjustments tied to product competitiveness helped offset pressure

#net profit #us tariffs #automakers #toyota #global business

Read the full story at The Economic Times

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Toyota Warns 22 Percent Profit Drop as US Tariffs Bite Hard

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