Toyota reports booming sales but stays cautious on profit because of various costs

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Toyota reports booming sales but stays cautious on profit because of various costs

TOKYO (Reuters) -Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from U.S. President Donald Trump’s tariffs and an appreciating yen take some of the shine off strong hybrid demand.The world’s top-selling automaker expects operating income to total 3.8 trillion yen ($26 billion) in the year to March 2026, versus 4.8 trillion yen in the year that just ended. That was roughly in line with the 4.75 trillion yen average of 25 analysts surveyed by LSEG.Toyota (NYSE:TM) faces the risk of being hit by widespread fallout from Trump’s tariffs, not only from ..