# The world’s biggest carmaker said profits declined in its financial year to March.

*business · news · 2026-05-08 · The Guardian*

## Key points

- Toyota reported a £3bn profit hit from the Iran war's impact on materials and sales.
- Toyota faces a 400bn yen increase in materials costs and 270bn yen loss in sales due to the conflict.
- Toyota projects its operating profit will drop to 3tn yen, declining for a third straight year.
- Japanese automotive industry is heavily impacted, with 70% of aluminium imports coming from the Middle East.
- Toyota states it cannot fully offset the negative 670bn yen impact from the Middle East turmoil.

**Companies:** Toyota
**Countries:** Japan, Iran, United States

[Read the full story on The Guardian](https://www.theguardian.com/business/2026/may/08/iran-war-costs-toyota-3bn-prices-materials-soar-sales-fall)

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