Toyota profits fall for a second consecutive quarter, missing estimates, as U.S. tariffs hit exports

Toyota Motor connected Wednesday missed operating nett for the 4th ended September arsenic the Japanese car elephantine bears the brunt of U.S. tariffs. 

Here are Toyota's September 4th results compared with mean estimates from LSEG:

• Revenue: 12.38 trillion yen (about $81 billion) vs. 12.18 trillion yen
• Operating profit: 834 cardinal yen vs. 863.1 cardinal yen

The world's largest carmaker by income measurement reported a astir 28% driblet successful nett , twelvemonth connected year, portion gross accrued implicit 8%.

The institution released 6-month results — from April to September — and the quarterly numbers person been calculated by CNBC, based connected institution connection and LSEG data.

The company's nett fell for a 2nd consecutive 4th since the United States introduced "reciprocal" tariffs successful April. Tokyo successful July clinched a commercialized woody with Washington, bringing down tariffs connected its exports to the U.S. to 15% from the 25% initially projected by President Donald Trump. The 15% tariffs took effect connected Aug. 7.

Japanese shipments of automobiles to the U.S. person seen a crisp decline successful presumption of value, with exports dropping 24.2% successful September, somewhat little compared to the 28.4% driblet successful August.

Despite tariff headwinds, Toyota has continued to payment from beardown planetary demand. The institution precocious reported that conveyance sales, including its luxury marque Lexus, reached 5.3 cardinal from April to September, a 4.7% summation year-over-year.