Toyota, Honda Brace for Weaker Profits in Wake of Nissan’s $1.8 Billion Warning
Toyota Land Cruiser 70 vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan.
Photographer: Toru Hanai/BloombergToyota Motor Corp. and Honda Motor Co. are next up after Nissan Motor Co. kicked off the earnings season for Japanese carmakers by warning of an operating loss of ¥275 billion ($1.78 billion) for the year.
The country’s automobile manufacturers are struggling to navigate tariffs, a stronger yen and rising costs, while shifting US trade policies risk becoming barriers to cash in on resilient US demand. Domestic sales meanwhile, declined steadily through the quarter, according to Bloomberg Intelligence.