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Toyota halved its quarterly profit in an earnings report on Friday.
Toyota forecasts a 20% drop in operating profit for the new financial year.
KEY POINTS
- Toyota's profit outlook is significantly below the median analyst estimate of 4.59 trillion yen.
- The Middle East crisis is expected to cost Toyota around 670 billion yen this financial year.
- Toyota's sales in the Middle East fell sharply in March due to regional shipment disruptions.
- U.S. tariffs reduced Toyota's operating profit by 1.4 trillion yen in the last financial year.
COMPANIES
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