TOKYO, May 8 (Xinhua) — Toyota Motor Corp. said Friday that its net profit for fiscal 2025 fell 19.2 percent to 3.85 trillion yen (around 24.6 billion U.S. dollars) as higher U.S. tariffs weighed on earnings.
The automaker’s operating profit for the fiscal year ended March also dropped 21.5 percent to 3.77 trillion yen, despitea 5.5 percent increase in sales to 50.68 trillion yen during the period.
The latest earnings report from the world’s largest automaker by volume came after the United States government raised tariffs on Japanese auto imports to 27.5 percent in April 2025 from the previous 2.5 percent. The rate was later negotiated down to 15 percent in July and formally took effect in September 2025.
For the current fiscal year ending next March, the company projects net profit to fall 22 percent to 3 trillion yen and sales to edge up 0.6 percent to 51 trillion yen.
Its operating profit is expected to drop 20.3 percent to 3 trillion yen, while worldwide vehicle sales are forecast to fall 0.9 percent to 11.18 million units.
