TOKYO -- Net profit at Japan's listed companies fell 12% on the year for the April-June period, the first decline for that quarter since 2022, as American tariffs and the strong yen led to sluggish performance in automobiles, steel and other manufacturing industries.
Trump tariffs
Japanese companies see net profit fall 12% as tariffs, strong yen bite
Auto and steel industries struggle in April-June quarter, while domestic demand resilient
U.S. President Donald Trump's tariffs resulted in a $5.3 billion profit hit for Japan's automakers in the April-June quarter. (Nikkei montage)
Read Next
Latest on Trump tariffs
