(Update) Toyota Forecasts 34.9 Pct Drop in Annual Net Profit

   Tokyo, May 8 (Jiji Press)--Toyota Motor Corp. said Thursday that its consolidated net profit for the current fiscal year to March 2026 is expected to plunge 34.9 pct from the previous year to 3.1 trillion yen, partly due to the impact of U.S. tariffs imposed by the administration of President Donald Trump.
   While annual sales are projected to expand 1.0 pct to a record 48.5 trillion yen, up for five consecutive years thanks to solid demand for hybrid vehicles, operating profit is forecast to slump 20.8 pct to 3.8 trillion yen.

(2025/05/08-17:24)