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| Toyota |
Toyota maintains auto output forecast for FY25 as trade terms evolve. The company reaffirmed a 10mn-unit plan for the year. Toyota maintains auto output forecast while raising North America sales guidance. Toyota maintains auto output forecast even as tariffs weigh on profit.
Production plans and regional demand
Toyota will build 3.3mn vehicles in Japan this fiscal year. It will produce 6.7mn units at overseas plants. The company nudged North America sales up by 20,000 units to about 3mn. However, it kept the global production target unchanged at 10mn. Aichi land acquisition prepares a new domestic plant for the early 2030s.
Profit outlook under new tariff regime
Operating profit guidance fell to ¥3.2tn for FY25. That compares with ¥4.8tn in the prior year. Management attributes roughly ¥1.4tn impact to the US levy. The US and Japan agreed on a 15pc car tariff. This replaces earlier extra duties announced in April.
Stable output supports supply chains and dealer inventories. Meanwhile, Toyota prioritises regional mix to protect margins. The unchanged volume plan signals tight cost control and disciplined allocation. As a result, suppliers should expect steady call-offs through FY25.
The Metalnomist Commentary
Toyota’s steady production target signals confidence in core demand. Margin pressure now hinges on tariff pass-through and mix. Watch North America volume, yen moves, and sourcing shifts as key profit drivers.
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