Japan's Top Seven Automakers Issue Joint Profit Warning: FY2025 Net Income Seen Plunging 35.5%

Japan's seven major automakers have collectively lowered their profit forecasts due to factors including the yen's appreciation. According to reports on February 13, Toyota, Honda, Nissan, and four other automakers now expect combined net profit for fiscal year 2025 (April 2025–March 2026) to plummet by 35.5% year-on-year to ¥3.765 trillion (approximately RMB 169.7 billion). Among them, Toyota forecasts a 25.1% decline in net profit to ¥3.57 trillion; Honda expects a sharp 64.1% drop to ¥300 billion; Nissan will remain in the red, projecting a net loss of ¥650 billion; Subaru, Mazda, and Mitsubishi Motors anticipate steep declines in net profit of 63.0%, 82.5%, and 75.6%, respectively; only Suzuki sees a relatively modest decrease of 6.3%. Multiple companies cited the strengthening yen against the U.S. dollar as a key factor weighing on profits.