Toyota's earnings buffered by demand for its hybrids, but US tariff hit looms

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Toyota's earnings buffered by demand for its hybrids, but US tariff hit looms - Channel News Asia

Quick Summary:

TOKYO : Robust demand for hybrids is expected to underpin steady profits at Toyota when the world's top automaker reports annual earnings on Thursday, although investors will be on high alert for any sign of a looming impact from U.S.tariffs.

Strong demand for its gasoline-electric hybrids such as the Prius and the Camry has vindicated Toyota's bet on the technology but also presents a challenge for the automaker, as suppliers have been struggling to keep pace.

For the fourth quarter, the Japanese automaker is expected to deliver a 2 per cent year-on-year rise in operating profit to 1.13 trillion yen ($7.86 billion) according to the average of seven analysts surveyed by LSEG, a result that would mark the first increase in three quarters.