# Toyota Motor Corp. reported a 3.85 trillion yen ($25 billion) profit for the fiscal year ended in March.

*business · news · 2026-05-08 · The Associated Press*

## Key points

- Toyota's annual profit fell 19% due to U.S. tariffs, losing $9 billion in operating income.
- Toyota forecasts only 3 trillion yen profit this fiscal year, citing Middle East instability risks.
- The closure of the Strait of Hormuz is forcing Toyota to use longer, costlier shipping routes.
- Toyota plans to diversify into boats, planes, and gadgets like robotic arms and medical device transporters.

**Companies:** Toyota Motor Corp
**Countries:** Japan, United States

[Read the full story on The Associated Press](https://apnews.com/article/toyota-japan-earnings-automaker-tariffs-iran-ea289972b7039304be7c99778d4eac07)

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