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Toyota Motor Corporation of Japan expects its net profit for the fiscal year 2025 (April 2025 to March 2026) to shrink by 34.9% due to a series of tariff policies from the U.S. government. The company released its financial results for the fiscal year 2024 on the 8th, with performance forecasts indicating that the main reasons for the significant decrease in net profit for the fiscal year 2025 are the impact of the U.S. tariff policies and the appreciation of the yen against the dollar. Toyota stated that the U.S. tariff policies have had a significant negative impact on its performance, and it is expected to lose sales of up to 180 billion yen (approximately $1.25 billion) in April and May this year. Additionally, rising raw material prices have also put significant pressure on the company's operations. According to the report, Toyota's sales for the fiscal year 2024 increased by 6.5% year-on-year, while net profit declined by 3.6%. Toyota Motor Corporation President Koji Sato said that the automotive industry is undergoing significant adjustments, especially as global trade relations are changing. (Xinhua News Agency)