06:37 AM EDT, 08/07/2025 (MT Newswires) -- Toyota Motor ( TM ) reported fiscal Q1 earnings Thursday of 64.56 yen ($0.44) per diluted share, down from 98.99 yen, a year earlier.

Analysts surveyed by FactSet expected 60.56 yen per diluted share.

Revenue for the quarter ended June 30 was 12.253 trillion yen, up from 11.839 trillion yen a year earlier.

Analysts surveyed by FactSet expected 12.176 trillion yen.

The company said for the fiscal 2026 it expects earnings of 204.9 yen per share, down from the earlier outlook of 237.57 yen.

Analysts surveyed by FactSet expect 247.65 yen.

The company said for the fiscal 2026 it reiterates its earlier revenue guidance of 48.50 trillion Yen.

Analysts surveyed by FactSet expect 49.15 trillion Yen.

The company further said it expects to be hit by nearly $10 billion from tariffs which US is putting on cars imported into the country, Reuters reported Thursday quoting Takanori Azuma, Toyota's ( TM ) head of finance.

The company added it is cutting its operating profit forecast for 2025 by 16%.

Toyota Motor ( TM ) shares were down 1% in recent premarket activity.