Toyota said today that its annual net profit fell for the first time in five years.
The Japanese car maker also unexpectedly warned of more declines as a stronger yen takes a bite out of its bottom line.
The Corolla and Prius hybrid maker posted a profit of 1.83 trillion yen ($16 billion) on slightly lower revenue of 27.6 trillion yen for the recently ended year to March.
This was well down from a record 2.31 trillion yen net profit the previous year.
Toyota said it expects to see a net profit of 1.5 trillion yen in the current year to March 2018, well off market expectations around 1.9 trillion yen.
