Toyota's Q3 Vehicle Net Profits Drop 43% to $8 Billion Due to US Import Tariffs

Toyota reported a 43% plunge in net profits to JPY 1.26 trillion ($8 billion) in Q3 FY26, citing US import tariffs as the reason. Revenues rose by 8.6% to JPY 13.46 trillion. CEO Koji Sato will step down in April 2026, replaced by CFO Kenta Kon. Global revenues rose by 6.8% in the first nine months of FY26, with global vehicle sales increasing by 3.8%. Operating profits declined by 13.1%, and net income fell by 23%. Toyota raised its full FY26 global revenue forecast to JPY 50 trillion and increased its operating income forecast to JPY 3.8 trillion.