Toyota Motor Corp (NYSE:TM) says that the automaker has recorded an impact of over $4.3 billion due to the war in the Middle East as tensions between Washington and Tehran continue to surge.
22% Drop In Earnings
During the company’s first-quarter 2026 earnings call on Friday, the automaker shared that it expected its operating profit to drop over 3.8 trillion yen (approximately $24 billion) for the 2025-26 fiscal year. The decline in profit represents a nearly 22% YoY drop from the earlier figure of 4.8 trillion yen (nearly $30 billion), largely due to U.S. tariffs.
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