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Expected profits of approximately 813 billion yen ($5.17 billion) reflect a 27% decrease compared to the same period last year.
Toyota's quarterly operating profit is expected to drop for the fourth consecutive year.
KEY POINTS
- Annual operating profit is forecasted to reach a three-year low of about 4 trillion yen.
- Middle East conflicts have disrupted shipments and indirectly contributed to Toyota's global sales decline.
- Rising labor costs and U.S. tariffs are key factors driving Toyota’s profit decrease.
- Toyota’s new CEO, Kenta Kon, faces immediate challenges impacting upcoming earnings reports.
COMPANIES
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