TOKYO (AP) — Toyota reported a 7% year-on-year drop in profit for April-September on Wednesday, as U.S. President Donald Trump’s tariffs slammed Japanese automakers.
Net profit for the April-September period at Toyota Motor Corp. totaled 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen a year earlier.
But the maker of the Camry sedan and Lexus luxury models lifted its profit forecast for the full fiscal year ending in March 2026 to 2.93 trillion yen ($19 billion), citing better vehicle sales and cost-cutting efforts.
The forecast would represent a 38.5% drop from the 4.77 trillion yen profit Toyota reported for the last fiscal year. It had earlier forecast 2.66 trillion yen ($17 billion) in profit for this year.
Although tariffs are hurting its business, Toyota said its sales grew in the U.S. and its home market of Japan.
U.S. tariffs on Japanese automobiles and auto parts fell to 15% in September from the 27.5% rate Trump initially ordered after returning to the White House. That's much higher than the original 2.5%.
Japan’s exports to the U.S., including vehicles, have plunged recently.
But Toyota said its efforts, such as bigger sales, better model mix and cost cuts, will add more than 900 billion yen ($5.8 billion) to the company’s bottom line in this fiscal year.
“Despite the impact of U.S. tariffs, we have continued to build upon our improvement efforts such as increasing sales volume, improving costs and expanding value chain profits,” it said in a statement.
During the six months through September, it sold more than 1.5 million vehicles in North America and 970,000 vehicles in Japan.
First half sales grew 5.8% to 24.6 trillion yen ($160 billion). For the latest quarter through September, Toyota reported a 62% rise in profit to 932 billion yen ($6 billion) on 12.38 trillion yen ($80 billion ) in sales, up 8% on year.
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Staff gather near a Toyota signage during the press day of the Japan Mobility Show, in Tokyo, Thursday, Oct. 30, 2025. (AP Photo/Louise Delmotte)
Members of the media and guests look at Toyota's Corolla concept during the press day of the Japan Mobility Show, in Tokyo, Thursday, Oct. 30, 2025. (AP Photo/Louise Delmotte)
FILE - Members of the media and guests look at Toyota's Land Cruiser 'FJ' during the press day of the Japan Mobility Show, in Tokyo, Oct. 30, 2025. (AP Photo/Louise Delmotte, File)
AUGUSTA, Ga. (AP) — Gary Player does not begrudge Tiger Woods for using medications to manage the pain from numerous surgeries over the years, but his fellow Masters champion does believe that the 15-time major winner should not be behind the wheel of a car.
Woods was arrested March 27 on suspicion of driving under the influence after his Land Rover struck a trailer and flipped onto its side along a residential street. Florida authorities determined him to be impaired when they found two painkiller pills in his pocket. Woods also refused to submit to a urine test and was briefly jailed.
"You know," Player said Thursday, “it's very easy — the human being is so critical of everything. If I or any of you in this room had the pain that Tiger Woods had — think of the excruciating pain that this man has been going through for a long time.
“Do I blame him for taking medicine? Hell, no. He has sleep deprivation,” Player continued. “Do I blame him for taking something to help him sleep? No. But I don't think he should drive a car. When you're taking that medicine, it's dangerous when you're driving a car, same as it's dangerous when you look at your cellphone in a car.”
The 90-year-old Player spoke about Woods after helping to hit the honorary tee shots to start the first round of the Masters.
Known for his fastidious diet and fitness regimen, Player went so far as to admit he no longer drives himself these days.
“So I think all he's got to do is just not drive a car, and get a chauffeur,” Player said. “My reflexes, I think, are as good as when I was 20, but I don't drive anymore. I get a chauffer. I think that's the answer to it.”
Woods, a five-time Masters champion, said last week he would be missing the tournament at Augusta National for the second straight year so that he could seek treatment at an undisclosed facility outside of the U.S., and “prioritize my well-being and work toward lasting recovery.”
The announcement came hours after he pleaded not guilty to a DUI charge in connection with the crash.
Woods' injury list over the last 14 years is a long one. He had reconstructive knee surgery in 2008, four back surgeries from 2014-17, and he was previously arrested in 2017 for taking what he called a bad mix of painkillers that resulted in him falling asleep behind the wheel of a running car.
Four years ago, Woods’s right leg and ankle were crushed when his speeding SUV ran over a median and toppled down a hillside on a coastal road in Los Angeles. He also had surgery on his Achilles tendon and a seventh back surgery last year.
“My heart goes out for him,” Player said. “There’s nothing worse than living in pain every day of your life. You can’t think of anything worse. I just hope he can get it all sorted out because he’s such an asset to golf and has done so much for the game.”
Just about everyone at Augusta National this week has expressed sympathy for Woods, but many players — including Jason Day — also agreed with Player that he should not have been behind the wheel of a car.
“He’s just a human being like everyone else, and we have struggles,” Day said. “It’s unfortunate. The only thing that I don’t understand is that it’s a little bit selfish of him to drive and put other people in harm’s way, as well.”
Day, a former No. 1, called Woods his “hero," and said the reasons he began playing golf were Woods and the Masters.
“It’s hard to see him go through what he’s going through, and especially under the microscope. It must be hard to be who he is and have everything, everyone look on, kind of down on him,” Day said. "Some people want him to fail. Some people obviously want him to succeed. It’s really difficult for me to go through that and watch him, and I know that he’s getting the help now, which is good. I’m just hoping he comes out on the other side and is better.”
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Golfer Tiger Woods stands by his overturned vehicle in Jupiter Island, Fla., Friday, March 27, 2026. (AP Photo/Jason Oteri)
This handout photo provided by the Martin County Sheriff's Office shows Tiger Woods, in Stuart, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)
In this image from police body camera video released by the Martin County, Fla., Sheriff's Office, golfer Tiger Woods sits in an unmarked police vehicle as he speaks with law enforcement personnel following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. (Martin County Sheriff's Office via AP)
Gary Player kicks his leg in the air after hitting the ceremonial tee shot on the first hole during the first round of the Masters golf tournament at the Augusta National Golf Club, Thursday, April 9, 2026, in Augusta, Ga. (AP Photo/David J. Phillip)
