Japanese auto giant Toyota on Wednesday hiked its operating income and net profit forecasts for the current fiscal year despite the impact of US tariffs.

The firm's share price fell by as much as five percent in Tokyo however as the new guidance fell short of market estimates.

"Despite the impact of US tariffs, we have continued to build upon our improvement efforts such as increasing sales volume, improving costs, and expanding value chain profits," Toyota said.

"We are steadily translating comprehensive future investments into improved productivity and increased returns, with a strong focus on improving the breakeven volume," Toyota said in a statement.

For the year ending in March 2026, Toyota now expects operating income of 3.4 trillion yen ($22.1 billion), up from its previous for

See Full Page