Toyota expects 20% profit drop on Middle East conflict
Toyota expects annual profit to fall 20% to 3 trillion yen as Middle East conflict costs weigh on earnings. This comes despite strong hybrid demand.
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TOYOTA MOTOR CORP expects annual operating income to fall 20% to 3.0 trillion yen ($19B) for the fiscal year ending March 2027, with the world's top-selling automaker citing geopolitical disruptions and cost pressures. The forecast follows a record 3.77 trillion yen profit achieved in the prior year. Investors face earnings pressure as conflict in the Middle East disrupts global supply chains and raises manufacturing costs.
