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Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump

CNBC·Justina Lee·6 months ago
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Toyota signage at the New York International Auto Show in New York City on April 2, 2026.

Danielle DeVries | CNBC

Japan's Toyota Motor on Friday reported a 49% drop in fourth-quarter operating profit, missing analysts' estimates as U.S. tariffs pressured earnings.

Here are Toyota's results compared with median estimates from LSEG:

Revenue: 12.6 trillion yen vs. 12.6 trillion yen expected

Operating profit: 569.4 billion yen vs. 813.28 billion yen expected

The world's largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March, in line with expectations.

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The results mark Toyota's fourth consecutive year-over-year decline in operating profit after its earnings fell 2%, reflecting persistent pressure from U.S.…

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