Toyota, Nintendo Face Tariff Risk: Asia Earnings Week Ahead
Japan’s vehicle exports to the US account for roughly 1% of GDP.
Photographer: Kyle Grillot/BloombergToyota Motor Corp. kicks off Japanese automotive earnings on the heels of President Donald Trump signing directives that eased the worst investor fears about US tariffs.
The world’s biggest automaker’s operating profit likely rose in its fiscal fourth quarter as sales grew in Japan, the US and China, according to Bloomberg Intelligence. Earnings may still be hit by tariffs this business year, though the impact could be limited compared with its peers, CLSA Senior Research Analyst Christopher Richter said.