TOKYO, May 8 (Bernama-Xinhua) -- Toyota Motor Corp. said Friday that its net profit for fiscal 2025 fell 19.2 per cent to 3.85 trillion yen (around US$24.6 billion) as higher US tariffs weighed on earnings, reported Xinhua.
The automaker's operating profit for the fiscal year ended March also dropped 21.5 per cent to 3.77 trillion yen, despite a 5.5 per cent increase in sales to 50.68 trillion yen during the period.
The latest earnings report from the world's largest automaker by volume came after the United States government raised tariffs on Japanese auto imports to 27.5 per cent in April 2025 from the previous 2.5 per cent. The rate was later negotiated down to 15 per cent in July and formally took effect in September 2025.
For the current fiscal year ending next March, the company projects net profit to fall 22 per cent to 3 trillion yen and sales to edge up 0.6 per cent to 51 trillion yen.
Its operating profit is expected to drop 20.3 per cent to 3 trillion yen, while worldwide vehicle sales are forecast to fall 0.9 per cent to 11.18 million units. (1 Japanese yen equals about US$0.0064)
--BERNAMA-XINHUA
