Toyota: Net profit for the new fiscal year will significantly shrink due to the impact of US tariff policies.

On the 8th, Toyota Motor Corporation of Japan projected that its net profit for the 2025 fiscal year will shrink by 34.9% compared to the previous year, due to a series of tariff policies imposed by the US government. Toyota released its financial report for the 2024 fiscal year on the same day, with performance forecasts indicating that the main reasons for the significant decrease in net profit for the 2025 fiscal year are the impact of US related tariff policies and the appreciation of the Japanese yen against the US dollar. Toyota stated that the US related tariff policies have had a significant negative impact on company performance, with expected losses in sales revenue of up to 180 billion yen for the months of April and May this year. In addition, rising raw material prices have also brought significant pressure on company operations. According to the report, Toyota's sales revenue for the 2024 fiscal year increased by 6.5% compared to the previous year, while net profit decreased by 3.6%. Toyota Motor Corporation's President, Koji Sato, stated on that day that the automotive industry is currently undergoing significant adjustments in operating environment, particularly as global trade relations are changing.