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Pacific Ocean, travel, Hawaii, Kauai,

Pacific Tribune

Gathering Art and Lifestyle News about Issues for the Pacific Basin
November 10th, 2008

Toyota profits to plunge 74%

asahi.com（朝日新聞社）：Toyota profits to plunge 74% – English
Toyota Motor Corp. said Thursday it expects a 73.6-percent drop year on year in group operating profits through March, citing the soaring yen and falling overseas sales.

The full-year projection was downgraded to 600 billion yen, the lowest since Toyota adopted U.S. accounting standards in fiscal 1998.

Group sales are forecast to fall 12.5 percent from a year earlier to 23 trillion yen.

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Posted in Japan, business, financial crisis, financial markets, financial regulation |

This entry was posted on Monday, November 10th, 2008 at 3:01 pm and is filed under Japan, business, financial crisis, financial markets, financial regulation. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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