Toyota Industries Signals Profit Growth as Tariff Impact Settles

Toyota Industries Corp., the group company at the center of a contentious buyout, said profit grew even as the impact of US tariffs on Japanese carmakers started to flow through to their suppliers.

Third-quarter operating income was ¥48.5 billion ($312 million), the company said Tuesday. It kept in place its ¥100 billion guidance for the fiscal year ending March 31, below analyst estimates of ¥170 billion.

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This could be Toyota Industries last fiscal year as a publicly listed company as it is the subject of a take-private proposal from the ...