Toyota's Cash Cow US Operations Loses $1.2 Billion In Fiscal Year

Japanese auto giant Toyota forecast Friday a 22-percent fall in net profit in the year to next March, as it struggles with the effects of US tariffs and the Middle East war.

 

The world's largest automaker by vehicle sales made the announcement as it revealed net profit fell 19.2 percent to 3.8 trillion yen ($25 billion) in the 2025-26 fiscal year.

 

Revenues last fiscal year rose 5.5 percent to 50.7 trillion yen, and for the current period it projected them to hit 51.0 trillion yen.