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

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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:

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.

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. tariffs.