Japans Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trumps tariffs on cars imported into the United States, the highest such estimate yet by any company.
The worlds top-selling car maker also cut by 16% its forecast for full-year operating profit, reflecting challenges for global manufacturers grappling with rising costs from US levies on cars, parts, steel and aluminum.
Its honestly very difficult for us to predict what will happen regarding the market environment, Takanori Azuma, Toyotas head of finance, said at a briefing, vowing to keep making cars for US customers, regardless of tariff impact.
Azuma said the 1.4 trillion yen ($9.5 billion) estimate also includes the fallout suppliers are facing, particularly those in the US importing parts from Japan, though he declined to say how much of the total was attributable to that.
Rivals have reported smaller tariff hits so far: GM ( GM ) has projected one of $4 billion to $5 billion for the year, while Ford ( F ) expects a $3 billion hit to full-year gross revenues.
Jeep maker Stellantis ( STLA ) said tariffs were expected to add $1.7 billion in expenses for the year.
Toyota ( TM ) cut its operating profit forecast for the financial year to end-March 2026 to 3.2 trillion yen ($21.7 billion), down from a previous outlook of 3.8 trillion yen.
It had previously estimated a tariff hit of 180 billion yen for April and May, but that was solely for the impact from tariffs on Toyotas vehicles. It had not issued a full-year projection until now.
Toyotas North American business swung to an operating loss of 63.6 billion yen in the first quarter, from profit of 100.7 billion a year earlier, as it took a hit of 450 billion from the tariffs.
Its broad production operations, which include US, Canadian, Mexican and Japanese plants, expose it to tariffs not only on direct exports but also on vehicles and parts shipped across borders within North America.
Last week, the automaker said it turned out some 1.1 million Toyota and Lexus brand vehicles in North America in the first six months of 2025, including more than 700,000 in the United States.
Trade deal
The first-quarter results highlight the pressure US import tariffs are putting on Japanese automakers, even as a trade pact between Tokyo and Washington offers potential relief.
Under the deal agreed last month, Japanese auto exports into the US would face a 15% tariff, down from levies totaling 27.5% previously. But a timeframe for the change has yet to be unveiled.
Last week, Toyota reported record global output and sales for the years first half, driven by strong demand in North America, Japan and China, including that for hybrid vehicles.
Toyota also announced Thursday a plan to build a new vehicle factory in Japan, where car sales have been falling due to a shrinking population and declining ownership.
Toyota said it planned to start operations early next decade at the new plant, but has yet to decide production models.
The companys shares ended down 1.5% after the earnings release.
日本丰田汽车公司周四表示，预计美国总统唐纳德·特朗普对进口汽车征收的关税将使其利润损失近100亿美元，这是迄今为止所有公司中对此类影响做出的最高预估。
这家全球销量最高的汽车制造商还将其全年营业利润预期下调了16%，反映出全球制造商面临的挑战，他们正努力应对美国对汽车、零部件、钢铁和铝征收关税导致的成本上升问题。
丰田汽车财务主管东孝典（Takanori Azuma）在简报会上表示：“坦白说，我们很难预测市场环境将如何变化。”他同时承诺，无论关税带来何种影响，丰田都将继续为美国客户生产汽车。
东马表示，1.4万亿日元（约合95亿美元）的预估金额还包括供应商面临的连带影响，尤其是那些从日本进口零部件的美国供应商。不过他拒绝透露这部分影响在总金额中的具体占比。
竞争对手目前报告的关税冲击较小：通用汽车（GM）预计今年将受到40亿至50亿美元的影响，而福特汽车（F）则预计全年总收入将减少30亿美元。
**Jeep**制造商**Stellantis**集团（股票代码：STLA）表示，关税预计将使该公司今年增加17亿美元支出。
丰田汽车（TM）将其截至2026年3月的财年营业利润预期从原先的3.8万亿日元下调至3.2万亿日元（约合217亿美元）。
该公司此前预估4月和5月将因关税遭受1800亿日元的损失，但这仅涉及丰田汽车所受关税的影响。此前该公司尚未发布全年预估数据。
受关税影响，丰田汽车北美业务遭受4500亿日元损失，导致其一季度营业利润由去年同期的1007亿日元转为亏损636亿日元。
该公司广泛的生产业务覆盖美国、加拿大、墨西哥和日本工厂，不仅使其直接出口产品面临关税，还让其在北美境内跨境运输的车辆及零部件也受到关税影响。
上周，该汽车制造商表示，2025年前六个月其在北美生产了约110万辆丰田和雷克萨斯品牌汽车，其中美国市场产量超过70万辆。
贸易协定
第一季度财报凸显了美国进口关税对日本汽车制造商造成的压力，尽管东京和华盛顿之间的贸易协定可能带来缓解。
根据上月达成的协议，日本出口至美国的汽车关税将从原先总计27.5%降至15%，但具体实施时间尚未公布。
上周，丰田汽车公布上半年全球产量和销量创下历史新高，这主要得益于北美、日本和中国市场对混合动力汽车等产品的强劲需求。
丰田汽车周四还宣布了一项在日本新建汽车工厂的计划，该国因人口萎缩和保有量下降导致汽车销量持续下滑。
丰田公司表示，计划于下个十年初在新工厂启动运营，但具体生产车型尚未确定。
该公司财报公布后，股价收盘下跌1.5%。
全部评论 （0）