Toyota Motor Corporation reported a 7% year-on-year decline in net profit for the April-September period, attributing the downturn to the impact of U.S. tariffs on Japanese automakers. The company’s net profit for the six-month period stood at 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen in the same period last year. Despite these challenges, Toyota has revised its full-year profit forecast upward to 2.93 trillion yen ($19 billion) for the fiscal year ending March 2026, citing improved vehicle sales and cost-cutting measures. This revised forecast, however, still represents a 38.5% drop from the previous fiscal year’s profit of 4.77 trillion yen. Earlier, Toyota had projected a profit of 2.66 trillion yen ($17 billion) for the current fiscal year. The U.S. tariffs on Japanese automobiles and auto parts, which were reduced to 15% in September from an initial 27.5%, continue to weigh heavily on the company’s performance. Nevertheless, Toyota reported growth in vehicle sales in both the U.S. and Japan, with North American sales exceeding 1.5 million units and Japanese sales reaching 970,000 units during the six-month period. The company’s first-half sales increased by 5.8% to 24.6 trillion yen ($160 billion), while quarterly profit for the period through September surged 62% to 932 billion yen ($6 billion) on sales of 12.38 trillion yen ($80 billion), an 8% year-on-year increase. Toyota remains optimistic, stating that its strategic initiatives, including enhanced sales, cost efficiencies, and value chain improvements, are expected to contribute over 900 billion yen ($5.8 billion) to its bottom line this fiscal year.