Toyota Supplier Aisin Cuts FY Guidance on Tariffs, China Slump

Aisin Corp. cut its annual operating profit guidance by a third, citing the impact of US tariffs, a shrinking market share in China and a decline in domestic OEM production volume.

The supplier of auto parts to Toyota Motor Corp. and Volkswagen AG expects operating profit to reach 205 billion yen ($1.43 billion) in the fiscal year through March 2026, down from previous guidance of 300 billion yen, according to a filing.

The tariff impact alone is expected to shave 20 billion yen from operating profit. The North American market accounted for 22% of its overall revenue last fiscal ...