Toyota, Honda Brace for Tariff Malaise: Asia Earnings Week Ahead

Toyota Motor Corp. and Honda Motor Co.earnings will paint a mixed picture as a stronger yen and US auto tariffs eat into profit, despite resilient unit sales.

Toyota likely saw a dip in first-quarter operating profit, according to estimates. While the company posted record global salesin the first half driven by a surge in pre-tariff purchases, Bloomberg Intelligence said the automaker is likely weighed down by factors including supply chain costs.

Honda’s profit likely fell for the same reasons, according to BI. In June, Japanese automakers slashed US export prices by 19%, the biggest drop since records ...