TOKYO — Toyota Motor forecasts a net profit of 3.1 trillion yen ($21.5 billion) for the fiscal year ending March 2026, down 34.9% from the year before, the automaker said on Thursday, as steep tariffs imposed by U.S. President Donald Trump against foreign cars threaten to hit the company’s profits in the key market. The yen’s appreciation against the dollar is another factor weighing on the forecast, as its operating profit is projected at 3.8 trillion yen, down 20.8%.
