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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] Toyota Motor Corporation announced on August 7 that its operating profit for the April–June quarter (Q2 of the 2025 fiscal year) declined by 10.9% year-over-year, impacted significantly by U.S. import tariffs on automobiles.
According to Toyota’s consolidated earnings report, the automaker posted an operating profit of ¥1.1661 trillion (approx. KRW 10.9 trillion), down from the same period last year. Meanwhile, quarterly revenue rose by 3.5% to ¥12.2532 trillion (approx. KRW 115 trillion).
The company attributed a ¥450 billion (approx. KRW 4.2 trillion) hit to operating income directly to the U.S. tariff measures, underscoring their substantial financial impact.
Other Japanese automakers have also reported weaker Q2 results due to the same issue. Honda's operating profit was nearly halved, and Mazda swung to a loss during the same period.
Toyota has lowered its full-year operating profit forecast for the fiscal year ending March 2026 to ¥3.2 trillion, a reduction of ¥600 billion from its previous projection. The company estimates that U.S. tariffs will cut into full-year operating profit by approximately ¥1.2 trillion (KRW 11 trillion).
Despite the lowered profit forecast, Toyota maintained its revenue outlook at ¥48.5 trillion (approx. KRW 455.8 trillion) for the year.
알파경제 Kim Jisun (stockmk2020@alphabiz.co.kr)
