A sign with the Toyota logo in Surrey, England, in August 2023
Peter Dazeley | Getty Images News | Getty images
Toyota motor On Thursday, he reduced his annual prognosis of operational profits such as the world’s largest automotive company due to sales volumes with the US cars.
Here are the results of Toyota compared to the middle estimates of LSE:
- Income: 12.25 billion Japanese yen ($ 83.4 billion) vs. 12.19 billion yen
- Operating benefit: 1.17 billion yen vs. 881.41 billion yen
While their June-Timestre results exceeded estimates, operational profits fell 11% year after year, with the company that attributes 450 billion yen in losses to US tariffs. The net income attributable to the company fell 37% to 841.3 billion yen.
Toyota reviewed its operational revenue forecast from the whole year at 600 billion yen to 3.2 billion yen for its financial year that ends in March 2026.
“Due to the impact of American tariffs and other factors, the real results showed a decrease in operational income, and the prognosis has been reviewed down,” the company said in a profit statement.
In its country of origin in Japan, the company said that operating income was affected by the impact of exchange rate fluctuations and the increase in expenses.
While the profits fell, Toyota has seen a strong global demand and the car manufacturer last week reported world sales records in the first half of the year.
“Despite a challenging external environment, we have continued to make comprehensive investments and improvements such as higher sales of units, costs of costs and profits from the enlarged value chain, thus minimizing negative impacts,” said the company.
Japanese car manufacturers have been beaten by 25% rates of the president of the United States, Donald Trump, in imported vehicles, which entered into force in April. Pares as Honda have also reported a drop in profits, since they reduce prices to maintain market share in the United States.
“Japanese automobile manufacturers faced significant gain pressure earlier this year due to high import rates from the United States and a stronger yen,” a automotive analyst for the counterpoint investigation Abhik Mukherjee told CNBC.
“Although the export volumes of vehicles to the US.
In June, the value of Japan’s car exports to the US.
Trump, however, announced a new commercial agreement with Tokyo last month with tariffs that are expected to fall 15%, although the deadline for change remains without being clear.
In the light of the United Japan Agreement, Toyota said he was waiting for a complete impact on the financial year of 1.4 billion yen on profits.
“Automobile manufacturers still face the compression of the margin of strong yen and persistent costs of previous rates. However, the 15%rate, combined with the location and prices adjustments, should gradually stabilize the profits,” said Mukherjee.
“Japanese long -term brands can obtain an advantage over competitors in the gasoline region that still face higher rates, which supports a slow but stable recovery,” he added. NAFTA or North American Free Trade Agreement includes Canada, Mexico and the United States.
Automobile exports to the US are a cornerstone of Japan’s economy, which represents about 24% of their world ships of cars in 2024, according to the customs data of Japan.
