00:00Toyota forecast a 20% decline in profit for the current financial year
00:04as cost and supply uncertainties stemming from the Middle East conflict weigh on earnings.
00:09The world's top-selling automaker expects an operating income of US$19 billion in the year to March 2027
00:17compared with a result of US$24 billion in the year that just ended.
00:23Toyota said the lower outlook reflected limited scope for shorter measures
00:28to offset changes in the operating environment with mid-to-long-term steps only partly complete.
00:34The automaker said last week its vehicle sales in the Middle East fell sharply in March
00:39after shipments to the region were disrupted.
00:41The outlook is the first Toyota issued under new CEO Kenta Kohn
00:46who assumed his role last month and faces the challenge of steering the automaker
00:50through the impact of US President Donald Trump's tariffs
00:53which cut operating profit in the year just ended by close to US$9 billion.
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