Toyota Braces for $9.5 Billion Hit From US Tariff Turmoil (2)

Toyota Motor Corp. lowered its annual guidance as it warned of a ¥1.4 trillion ($9.5 billion) hit to its bottom line from US tariffs that have rattled the global automotive industry.

The world’s biggest carmaker now sees ¥3.2 trillion in operating income for the fiscal year ending in March 2026, it said Thursday. That’s down from its initial forecast of ¥3.8 trillion, and also missed analyst expectations.

The carmaker reported operating income of ¥1.17 trillion in the first quarter, down 11% from a year earlier, though beating analysts’ predictions for ¥890 billion. While price hikes in some regions helped that ...