(Update) Toyota Cuts Full-Year Profit Forecasts on Trump Tariffs
Tokyo, Aug. 7 (Jiji Press)--Toyota Motor Corp. on Thursday lowered its consolidated profit forecasts for fiscal 2025, reflecting high tariffs imposed by the administration of U.S. President Donald Trump.
For the year to next March, the leading Japanese automaker projects a net profit of 2.66 trillion yen, down from the previously forecast 3.1 trillion yen. Its annual net profit is now expected to shrink for the second straight year.
(2025/08/07-20:30)
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