Japanese auto giant Toyota said Wednesday it had hiked its operating income and net profit forecasts for the current fiscal year despite the impact of US tariffs.

“Despite the impact of US tariffs, we have continued to build upon our improvement efforts such as increasing sales volume, improving costs, and expanding value chain profits,” the firm said.

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For the year ending in March 2026, Toyota now expects operating income of 3.4 trillion yen ($22.1 billion), up from its previous forecast of 3.2 trillion yen. Net profit was seen hitting 2.9 trillion yen, against its previous estimate of 2.7 trillion yen.

AFP