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China Japan quake impacts Toyota profits
Toyota, the world's largest automobile manufacturer, is experiencing a decline in its operating profits for the first quarter of fiscal year 2026 due to multiple pressures, including slowing sales, rising costs, and the impact of the earthquake that struck Kyushu Island in Japan. The company forecasted an operating profit of approximately 1.11 trillion yen ($7.04 billion), representing a 5% decrease compared to the same period last year, with markets watching to see if the annual target of 3 trillion yen will be maintained. The earthquake disrupted production at four factories, increasing uncertainty about resuming operations, in addition to a 3% decline in global sales, with a sharp drop of 28% in the Chinese market. The rise in raw material costs caused by geopolitical disruptions further threatens profit margins, placing a heavy responsibility on the company to manage crises and ensure financial stability moving forward.
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