Toyota Motor (TM) Falls Behind Profit Estimates in Q4 Report

With an annual dividend yield of 3.44%, Toyota Motor Corporation (NYSE:TM) is included among the 12 Best Blue Chip Dividend Stocks to Buy Now.

Toyota Motor (TM) Falls Behind Profit Estimates in Q4 Report

Toyota Motor Corporation (NYSE:TM) is a global automotive industry leader, manufacturing vehicles in 27 countries or regions and marketing the company’s products in over 170 countries and regions.

Toyota Motor Corporation (NYSE:TM) reported an almost 50% YoY drop in profits in its Q4 profits on May 8, falling behind estimates as US tariffs and the intensifying competition from Chinese automakers pressured its earnings. However, the company’s revenue was in line with expectations after a 5% growth compared to last year.

Toyota Motor Corporation (NYSE:TM)’s operating profit fell for a fourth consecutive YoY period, reflecting the persistent pressure from President Trump’s tariffs. The company’s consolidated vehicle sales in Q4 declined to 2.29 million units, from 2.36 million units in the year-ago period.

Given the market headwinds, Toyota Motor Corporation (NYSE:TM) lowered its operating income forecast by over 20% for the ongoing financial year. The bulk of this hit is expected to come from the higher material ​costs, with the remainder from delivery delays and lower sales volumes.

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