Toyota profit to be cut by quake | Financial Post

8 Июн 2015 | Author: | No comments yet »
Toyota Endo

Toyota profit to be cut by quake

Motor Corp. the world’s automaker, said earnings may be by output disruptions following earthquake and tsunami last which contributed to a record in the nation’s auto sales.

no doubt financial results be influenced by the earthquake,” President Toyoda told reporters at company headquarters in Toyota Japan, without elaborating. industrial complexes and roads are

Carmakers including Toyota, Motor Co. and Nissan Motor Co. output after the March 11 damaged factories and knocked out plants, causing shortages of and electricity. Even before the Japanese auto sales set to fall for a seventh month the government phased out subsidies for models in September.

The earthquake may cut Toyota’s operating in the fiscal year started by as much as 200 billion yen ($2.4 said Koji Endo, an at Advanced Research Japan in The carmaker has said it lost of 140,000 units last due to shortages of electronic parts, and plastics.

“Toyota has more and affiliates than anyone in the industry,” said Satoru an analyst at TIW Inc. in Tokyo. “It probably take time for to have a good grasp of how big the may be.”

Japan’s industrywide auto excluding minicars, plunged 37 last month to 279,389 the largest drop for the month recordkeeping began in 1968, the Automobile Dealers Association today in Tokyo. Toyota’s excluding Lexus-brand cars, 46 percent.

“Consumer confidence is all across Japan, not only in the hit by the quake,” Takada said. were on a downward trend to with.”

The magnitude-9 temblor off the of northeast Japan and the subsequent left more than people dead or missing and 21 million kilowatts of electrical capacity. The nation’s automakers are cooperating to save energy measures such as adjusting schedules, Toyoda said.

“I would like Toyota to leadership and help support the as much as possible,” Toyoda

The maker of Prius and Corolla said on Feb. 8 net income surge to 490 billion yen in the year March 31 from 209 billion yen a earlier. It estimated operating at 550 billion yen and said sales may 1.3 percent to 19.2 trillion

Toyota’s operating profit may be cut by at 100 billion yen in the fiscal year March 31, Endo said. Any on production overseas will damp earnings, he said this week.

Toyota to resume all operations as soon as Toyoda said today. The resumed output of three at two factories on March 24, prioritizing models including the Prius car. The automaker is still 16 car plants in Japan shut.

Toyota Endo

Toyota may delay the output of at 500,000 vehicles in Japan of shortages of parts and electricity, estimated.

Deliveries at Nissan, second-largest carmaker, fell 38 from a year earlier to last month, and sales at the third-largest, dropped 28 percent to

Nissan said it lost units of production last while Honda will 46,600 from March 14 to 3.

Toyota rose 0.1 percent to yen at the 3 p.m. close of trading in The shares have dropped 8.1 since the day before the earthquake. declined 1.2 percent today, and fell 2.4 percent.

Toyota, which has two car-assembly in Japan’s northeastern region, continue to produce in the area, said. All of the company’s vehicles at port were swallowed by the 11 tsunami, he said.

Toyoda to Miyagi, the prefecture hardest hit by the on March 27 and visited dealers, and factories, according to the company’s

The automaker has no plans to revise the corporate vision it announced month, Toyoda said The plan includes selling its vehicles in emerging markets and out 10 more hybrid models as of efforts to make at least 1 yen in operating profit by 2015.

Toyota Endo
Toyota Endo
Toyota Endo
Toyota Endo

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