TOKYO -- Major Japanese companies expect a combined 2.2 trillion yen ($15.3 billion) hit to operating profit in the year ending March 2026 if the yen averages around its current rate of 143 to the dollar, ending a five-year streak in which a weakening home currency buoyed exporters' earnings.
Currencies
Japan Inc. girds for $15bn blow to operating profit as strong yen bites
Major exporters face double whammy from currency fluctuations and US tariffs
Toyota Motor will face the largest profit hit from exchange rates this fiscal year, at 745 billion yen. © Kyodo
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