Toyota Lifts Profit Outlook Despite Tariff Hit From U.S.

Benzinga

Toyota raised its full-year operating profit outlook to 3.4 trillion yen, supported by strong demand in Japan and North America, but warned U.S. tariffs could cost 1.45 trillion yen. Revenue beat expectations even as quarterly profit fell nearly 28% year over year. The company said it will continue focusing on cost reduction and sales growth.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tuna Motor raised its full-year operating profit forecast to 3.4 trillion yen for 3.2 trillion yen,

00:08the warrant of a 1.45 trillion yen hit from U.S. tariffs, according to CNBC.

00:13Motorbaker said strong demand in Japan and North America boosted sales and value chain profits despite the impact of U.S. tariffs.

00:19Revenue came in at 12.38 trillion yen, beating estimates of 12.18 trillion yen,

00:24while operating profit fell short in 834 billion yen versus 863.1 billion yen.

00:30Quarterly profit fell nearly 28% year-over-year, while revenue rose more than 8%,

00:34and net income climbed to 972.9 billion yen.

00:38Tuna reported strong global demand, with vehicle sales rising 4.7% to 5.3 million in the nine months to September,

00:45and said it will keep focusing on boosting sales and cutting costs.

00:48For all things money, visit Benzinga.com.

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