Toyota Lowers Profit Forecast, Shares Decline
Toyota Lowers Profit Forecast, Shares Decline
Japanese auto giant Toyota on Thursday cut its annual net profit forecast to 2.66 trillion yen ($18.06 billion) owing to the impact of US tariffs. "Due to the impact of US tariffs and other factors, actual results showed decreased operating income, and the forecast has been revised downward," the firm said in a statement. Its shares fell 0.6 percent in Tokyo afternoon trade.
