Overview

• Toyota’s fiscal first-quarter profit fell to $5.7 billion, a 37 percent decline from the same period last year.
• The tariffs imposed under President Donald Trump reduced the company’s quarterly operating income by $3 billion.
• Toyota trimmed its full-year operating profit forecast from $21 billion to $18 billion, representing a 15 percent cut.
• Global unit sales rose from 2.2 million to 2.4 million vehicles, pushing quarterly revenue up 3 percent to $82 billion.
• The automaker unveiled plans for a new assembly plant in Aichi Prefecture, targeting startup in the early 2030s to strengthen domestic capacity.