Toyota Motor June-Miti Profession Estimation-But US rates fall 11%

Toyota Motor June-Miti Profession Estimation-But US rates fall 11%

A sign with Toyota Logo at Surrey of England on August 2023

Peter Daisal | Getty Image News | Getty

Toyota motor On Thursday-June-Mima, operating profits were recorded more than expected, even as the largest auto company in the world by sales volumes with American rates.

Here are toyota’s results in comparison to the average estimate of LSEG:

  • Revenue: 12.25 Trillion Yen Vs. 12.19 trillion yen
  • Operating Profit: 1.17 trillion yen vs. 881.41 billion yen

Operating profits in this quarter, however, decreased by 11% a year, The company has damaged US rates to 450 billion yen. The net income of the company fell by 37% to 841.3 billion yen.

Toyota improved the 3.2 trillion yen below 600 billion yen in the estimates of her full year operating income.

“Due to the results of US rates and other factors, the actual result has reduced the operating income and estimates have been modified below,” the company said.

Toyota has seen strong global demand and automaker last week while profit is declining Recorded worldwide The first half of the year.

“Despite a challenging external environment, we have continued improves as a comprehensive investment as well as the increase in the unit, the cost reduction and the expanding value chain profit, which reduces the negative consequences,” the company said.

Japanese caramers are reducing prices to maintain market share in the United States after the president Donald TrumpOf 25% of Rate Vehicles imported in April were implemented.

In June, the value of the Japan car exports has dropped by 25.3% over the United States, although the US car exports have increased 4.6 percent during the same period. Data of Japan’s Trade Ministry??

Trump, however, announced a new trade agreement with Tokoba last month and expected to drop by up to 15%, but the duration of this change remained unclear.

Exporting auto to the United States is a basis for the Japanese economy, about 24% of its global auto shipments in 2024, Japan’s Customs Data Shown.

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