In the third quarter of FY26, Toyota Motor Corporation’s net profits plunged 43% to JPY 1.26 trillion, citing US import tariffs as a key factor. Revenues rose by 8.6% to JPY 13.46 trillion. The CEO and president will step down in April 2026, with the CFO set to take over pending shareholder approval. Global revenues for the first nine months of the fiscal year increased by 6.8%, with vehicle sales rising by 3.8%. Operating profits declined by 13.1%, and net income fell by 23%. Toyota raised its full-year revenue forecast to JPY 50 trillion and adjusted its income forecasts upwards. The company implemented cost reductions and marketing efforts to mitigate the impact of US tariffs.

Read more at Yahoo Finance: Toyota’s vehicle net profits plunge 43%