aerospace / news / / Bloomberg
Toyota Motor Corp. forecast an abrupt drop in operating profit.
Toyota forecasts operating income of ¥3 trillion for fiscal year ending March 2027.
KEY POINTS
- This forecast is significantly below analyst consensus of ¥4.6 trillion and last year's ¥3.8 trillion.
- Toyota cites higher raw material costs and disruptions from the Iran conflict for the profit decline.
- Toyota shares fell as much as 3.5% following the profit outlook announcement.
COMPANIES
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