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Toyota Hits Record Sales Despite Profit Decline and Tariffs

5/12/2025

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Summary

Story summary

Toyota achieved record sales of 48 trillion yen ($333.6 billion) for the fiscal year ending March.
Quarterly net profit decreased to 664.6 billion yen ($4.6 billion) amid a certification scandal and U.S. tariffs.
The company anticipates a 35% decline in net profit this financial year, projecting 3.1 trillion yen ($21.6 billion).
Toyota plans to sustain production in Japan while addressing tariff challenges and boosting electric vehicle sales.

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Story summary

Toyota achieved record sales of 48 trillion yen ($333.6 billion) for the fiscal year ending March.
Quarterly net profit decreased to 664.6 billion yen ($4.6 billion) amid a certification scandal and U.S. tariffs.
The company anticipates a 35% decline in net profit this financial year, projecting 3.1 trillion yen ($21.6 billion).
Toyota plans to sustain production in Japan while addressing tariff challenges and boosting electric vehicle sales.