Toyota forecasts decrease in net profit for FY26 amid Middle East tensions
Automobiles
Automaker aims to maintain strong sales in North America despite Trump tariffs
Toyota marked record-high global sales for the fiscal year ended March 2026 even with U.S. tariffs on imported cars. (Photo by Ken Kobayashi)
YURIKA YONEDA
May 8, 2026 14:15 JST
Updated on May 8, 2026 18:26 JST
TOKYO — Toyota Motor said on Friday that it expects net profit for the year ending March 2027 to fall by 22% from the previous year to 3 trillion yen ($19.1 billion), reflecting soaring material costs, including those driven by the deteriorating situation in the Middle East.
