business / news / / The Associated Press
Toyota Motor Corp. reported a 3.85 trillion yen ($25 billion) profit for the fiscal year ended in March.
Toyota's annual profit fell 19% due to U.S. tariffs, losing $9 billion in operating income.
KEY POINTS
- 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
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