特朗普关税让丰田很受伤：2026财年营利将暴跌21%

Core Viewpoint - Toyota's operating profit is expected to decline by 21% in the fiscal year 2026 due to the dual pressures of U.S. tariffs and yen appreciation, impacting demand for its hybrid vehicles [1] Group 1: Financial Performance - For the fiscal year ending March 2026, Toyota forecasts an operating profit of 3.8 trillion yen (approximately 174.6 billion RMB), which is significantly lower than the analyst expectation of 4.7 trillion yen (approximately 234.4 billion RMB) [1] - The operating profit for the recently concluded fiscal year 2025 was 4.8 trillion yen (approximately 239.5 billion RMB), down from a record high of 5.35 trillion yen (approximately 266.9 billion RMB) in fiscal year 2024 [1] Group 2: Impact of U.S. Tariffs - The tariffs imposed by President Trump have adversely affected Toyota, leading to reduced exports to the U.S. and a general increase in prices that may lower consumer confidence [1] - Recent policy changes, including the exemption of separate tariffs on imported aluminum and steel, provide some relief to the Japanese automotive industry [2] Group 3: Operational Strategy - Despite the complexities introduced by policy changes, Toyota remains committed to its operational strategy in the U.S. [3] - Expanding production in the U.S. could lead to high labor and supply chain costs for Toyota [3] - In China, although Toyota's sales decline is less severe compared to other Japanese manufacturers, it still faces intense competition from numerous local brands [3]