toyota profits jump recovery from disasters
Last Updated : GMT 20:27:03
Arab Today, arab today
Arab Today, arab today

Toyota profits jump recovery from disasters

Arab Today, arab today

Arab Today, arab today Toyota profits jump recovery from disasters

London - Arabstoday

Net profit was 121bn yen ($1.5bn; £940m) in the three months to the end of March, up from 25.4bn a year earlier. For the full year, profit fell 30% to 283.5bn yen, as disasters and a strong yen hurt earnings earlier in the year. The firm has forecast a net profit of 760bn yen in the current fiscal year. \"Our vision is to establish a strong business foundation that will ensure profitability under any kind of difficult business environment,\" President Akio Toyoda said in a statement. Toyota\'s fortunes were hit by a variety of factors in the past 12 months. The earthquake and tsunami in Japan disrupted the country\'s supply chain, resulting in production being halted in Toyota\'s factories both at home and abroad. Just as the firm was recovering, it was dealt another blow by floods in Thailand which hurt production later in the year. The loss of production also hurt the company\'s sales as customers had to wait for longer periods to get the delivery of their cars. However, the firm has seen its production come back to normal levels since then. That has also translated into increased sales, especially in the US, which is one of the biggest markets for the firm. It has also introduced new models in an attempt to attract customers back to its showrooms. Last week, Toyota reported that its sales in the US had risen by 11.6% in April from a year earlier, outpacing the overall growth in the US car market. \"Toyota is on a firm and fast recovery track as production from all key sites is returning to normal,\" said Song Sang-Hoon of Kyobo Securities. Encouraged by its recovery, the firm said that it expected to sell 8.8 million vehicles in the current financial year, an 18% jump from last year. Along with the natural disasters, Toyota has also had to battle a strong Japanese currency. The yen rose by as much as 10% against the US dollar between April 2011 and February 2012, despite efforts by the Japanese central bank to stem its rise. It rose to 76.29 yen against the US dollar in February 2012, from 85.33 yen in early April last year. It was trading close to 79.80 yen against the US currency on Wednesday. A strong currency causes problems for firms such as Toyota, which rely heavily on overseas sales for growth. It not only makes their products more expensive to foreign buyers but also hurts profits of firms when they repatriate their foreign earnings back home. Toyota said that fluctuations in the yen over the past year had dented its earnings by as much as 250bn yen. Analysts said that despite the recovery in Toyota\'s fortunes, the volatility of the yen remains a big threat to its earnings.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota profits jump recovery from disasters toyota profits jump recovery from disasters

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota profits jump recovery from disasters toyota profits jump recovery from disasters

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday