Toyota Motor June-quarter profit beats estimates — but drops 11% as U.S. tariffs bite

Toyota Motor connected Thursday reported higher-than-expected operating nett for the June-quarter, adjacent arsenic the world's largest car institution by income volumes grapples with U.S. tariffs. 

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

• Revenue: 12.25 trillion yen vs. 12.19 trillion yen
• Operating profit: 1.17 trillion yen vs. 881.41 cardinal yen

Operating nett for the quarter, however, dropped 11% year connected year. This Toyota's Toyota's 3rd consecutive quarterly diminution successful operating profit.

Net income attributable to the institution fell 37% to 841.3 cardinal yen.

Toyota has seen beardown planetary demand. Last week the automaker reported grounds worldwide sales successful the archetypal fractional of the year.

Japanese carmakers person been cutting prices to clasp marketplace stock successful the U.S. aft President Donald Trump's 25% tariffs connected imported vehicles came into effect successful April. 

In June, the worth of Japan car exports to the U.S. fell 25.3% twelvemonth implicit year, adjacent though car export volumes to the U.S. roseate by 4.6% successful the aforesaid period, according to data from Japan's commercialized ministry.

Trump, however, announced a caller commercialized woody with Tokyo past period with tariffs expected to autumn to 15%, though the timeframe for the alteration remains unclear.

Auto exports to the U.S. are a cornerstone of Japan's economy, making up astir 24% of its planetary car shipments successful 2024, Japan's customs data showed.