business / news / / The Manila Times
The world’s largest automaker by vehicle sales made the announcement as it revealed net profit fell 19.2 percent to 3.8 trillion yen ($25 billion) in the 2025-2026 fiscal year.
Toyota forecast a 22-percent net profit drop for the year ending March 2025.
KEY POINTS
- Toyota reported a 19.2 percent net profit fall to 3.8 trillion yen for fiscal 2025-2026.
- Japan agreed to invest $550 billion in the US by 2029 to reduce auto tariffs.
- Toyota posted an operating loss in North America last year due to tariffs and higher costs.
- Middle East conflict is projected to cost Toyota 670 billion yen in the current fiscal year.
COMPANIES
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