Toyota Expects 35% Drop in Net Profit as Tariff Uncertainty Weighs

TOKYO, May 11 (News On Japan) - Toyota Motor announced on May 8th its earnings forecast for the fiscal year ending March 2026, projecting a 1.0% year-on-year increase in revenue to 48.5 trillion yen, but a 34.9% decline in net profit to 3.1 trillion yen.

The company has provisionally factored in the impact of U.S. tariff measures under the Trump administration for the months of April and May. It estimates that these tariffs will lower operating profit by 180 billion yen over the two-month period.

Speaking at a press conference in Tokyo, President Koji Sato acknowledged the uncertainty surrounding the tariff policy and said, "It's hard to predict what lies ahead, but rather than panicking, we intend to stay grounded and focus on what we can control."

Manga Sparks Earthquake Fears and Flight Cancellations from Hong Kong

Greater Bay Airlines, which resumed regular flights between Sendai and Hong Kong last December for the first time in 13 years, currently operates four round trips per week. However, starting this week and continuing through the end of October, the airline will reduce that to three weekly round trips due to declining travel demand. The number of flights to Tokushima will also be cut. What is behind this sudden downturn?

Major Ocean Shift 'Kuroshio' Brings Changes to Weather

The Japan Meteorological Agency announced has that the Kuroshio Large Meander, a phenomenon that has lasted for 7 years and 9 months, is expected to come to an end. The agency is urging people to stay updated, noting that changes in the Kuroshio Current may affect both fish species and fishing grounds.

Are Tips Inappropriate in Japan?

Japan has traditionally not practiced tipping, but signs of change are emerging amid an unprecedented boom in inbound tourism.

Matcha Craze Grows Worldwide

A new matcha product priced at 4,320 yen for just 30 grams is drawing attention amid a global boom in Japanese green tea, as surging demand has made matcha increasingly difficult to procure even within Japan.

Worker Suffers Internal Radiation Exposure

A male worker cleaning Reactor Unit 3 at the Genkai Nuclear Plant in Saga Prefecture was found to have suffered internal radiation exposure, marking the first such confirmed case at Kyushu Electric, the company announced on Sunday.

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Japan Watches Closely US-ChinaTariff Talks

There has been a major development in the so-called "Trump tariffs" negotiations, in which Japan is also involved. The United States and China, which had been imposing more than 100% tariffs on each other, agreed on May 12th to reduce those tariffs by 115%.

Sweet Start to Season as Five Melons Fetch 300,000 Yen

A prized early-season melon from Hokkaido's Iburi region fetched 300,000 yen for five pieces at the season's first auction held on the morning of May 13th in Sapporo.

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Nissan Motor has decided to cut nearly 20,000 jobs globally as it struggles with worsening business performance.

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Japan’s 2024 Current Account Surplus Tops 30 Trillion Yen as Exports and Investments Rise

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Toyota Expects 35% Drop in Net Profit as Tariff Uncertainty Weighs

Toyota Motor announced on May 8th its earnings forecast for the fiscal year ending March 2026, projecting a 1.0% year-on-year increase in revenue to 48.5 trillion yen, but a 34.9% decline in net profit to 3.1 trillion yen.

Nissan Cancels Plan to Build EV Battery Plant in Kitakyushu

Nissan announced on May 9th that it has withdrawn its plan to build a new electric vehicle battery plant in Kitakyushu City, Fukuoka Prefecture. Executives from the company visited the Fukuoka Prefectural Government to deliver the news directly.

Massive Redevelopment to Redefine Nagoya

Nagoya is on the verge of a major transformation. Over the next decade, the cityscape is expected to undergo a dramatic shift as large-scale redevelopment projects reshape its urban core. The focus is on three key districts—Meieki, Sakae, and Kanayama—each developing in a way that highlights its own unique strengths.

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