Toyota expects 34.9% drop in FY 2025 net profit amid U.S. tariff woes

Toyota Motor Corp. said Thursday it expects a 34.9 percent drop in net profit for the current business year through next March to 3.1 trillion yen ($21.6 billion), due to U.S. President Donald Trump's higher tariffs and a stronger yen.Its operating profit is projected at 3.8 trillion yen, down 20.8 percent from fiscal 2024, on estimated record sales of 48.5 trillion yen, up 1.0 percent, the Japanese automaker said.For the business year ended March, Toyota posted a net profit of 4.77 trillion yen, down 3.6 percent from a year earlier, on record sales of 48.04 trillion yen, up 6.5 percent.The…READ FULL ARTICLE