TOKYO, May 8 – Toyota Motor Corp. said Friday its sales for the year ended March rose 5.5 percent from a year earlier to 50.68 trillion yen ($32.3 billion), becoming the first Japanese company to post annual sales of over 50 trillion yen.
Its net profit for fiscal 2025 fell 19.2 percent to 3.85 trillion yen due partly to higher U.S. tariffs, while operating profit dropped 21.5 percent to 3.77 trillion yen, the automaker said.
The Toyota Group’s vehicle sales, including those of its subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., rose 2.5 percent to 11.28 million units thanks to solid demand in major markets including Japan.
The latest earnings report from the world’s largest automaker by volume came after U.S. President Donald Trump imposed in April last year a 27.5 percent tariff on cars from Japan, sharply raised from 2.5 percent. The rate was later negotiated down to 15 percent in July and formally implemented in September.
For the current business year through next March, the company projects its net profit will fall 22.0 percent to 3 trillion yen and sales edge up 0.6 percent to 51 trillion yen.
Its operating profit is expected to drop 20.3 percent to 3 trillion yen.
The automaker group forecasts worldwide sales of 11.18 million vehicles for the year, down 0.9 percent, it said.
Hino is no longer Toyota’s consolidated subsidiary following its merger with Mitsubishi Fuso Truck and Bus Corp. in April.
