The "technological U-turn" of Japan's business empire: When the automotive giant missed out on the electric age
According to a report by Nikkei Asian Review on May 16, 2026, the combined net profit of the seven major Japanese automakers for the fiscal year 2026 is expected to be only 3.9 trillion yen, a sharp drop of 48% compared to the record 7.54 trillion yen in the fiscal year 2023, nearly halving the figure.
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