Toyota forecasts abrupt profit drop on Iran, shares fall ^63.3%

The Japan Times - By Nicholas Takahashi - 5/8/2026, 6:20 AM

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Toyota Motor forecast an abrupt drop in operating profit as the world’s largest carmaker braces for higher costs of raw materials because of disruptions stemming from the conflict in Iran. The stock reversed gains and fell as much as 2.2% after the company issued an outlook for ¥3 trillion ($19.1 billion) in operating income for the... more