Toyota sees 20% drop in annual profit as Iran war weighs

Toyota forecast a 20% decline in profit for the current financial year, citing cost pressures and supply uncertainties tied to the Middle East conflict. The outlook is partially offset by robust demand for hybrid models, which is still supporting sales growth. The update points to near-term margin pressure and a cautious stance on earnings.

Analysis

Toyota forecast a 20% decline in profit for the current financial year, citing cost pressures and supply uncertainties tied to the Middle East conflict. The outlook is partially offset by robust demand for hybrid models, which is still supporting sales growth. The update points to near-term margin pressure and a cautious stance on earnings.