AsianFin -- Toyota Motor has lowered its full-year operating profit forecast by 16%, warning of a nearly $10 billion impact from U.S. tariffs on imported vehicles. The world’s largest automaker is also facing headwinds from rising material costs and a stronger yen.

The company now expects operating profit for the fiscal year ending March 2026 to come in at 3.2 trillion yen ($21.7 billion), down from a prior projection of 3.8 trillion yen.