Profits drop for Toyota, company lowers forecast for fiscal 2026/2027

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Profits drop for Toyota, company lowers forecast for fiscal 2026/2027
Photo: Andy Wong /AP/TT

Higher raw material costs in the wake of the war in the Middle East are cited as the reason for a lower profit and a lowered forecast.

Operating profit during the period January-March this year came to 569 billion yen, around 34 billion SEK.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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