Toyota Profit Drops 39% due to Rising Yen and Weak Sales
Toyota
Tokyo - Arab Today
Toyota's operating profit for the October-to-December period dropped 39.3% from a year earlier to 438.5 billion yen (3.9 billion dollars) due to the rising yen and weak sales in North America, the company said on Monday.
Japan's largest carmaker also posted a net profit of 486.5 billion yen for the fiscal third quarter, down 22.5% from the same period in 2015, while sales fell 3.5% to 7.08 trillion yen.
Toyota saw its sales in North America, its biggest market, decline 5.1% from a year earlier to 2.71 trillion yen for the October-to-December period, while those in Asia fell 7.3% to 1.26 trillion yen.
Toyota, however, raised its operating profit forecast for the current financial year through March to 1.85 trillion yen, from its previous estimate of 1.7 trillion predicted in November, due to the yen's recent fall against major currencies.
The carmaker also lifted its net profit outlook to 1.7 trillion yen for the year, up from 1.55 trillion yen estimated three months ago, while sales are estimated at 26.5 trillion yen, up from 26 trillion yen.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 18:29 2018 Tuesday ,30 October
Yemen’s new Prime Minister Maeen Abdulmalik Saeed arrives in Aden
GMT 07:27 2017 Wednesday ,19 April
Kim family values on show at North Korea parade
GMT 06:45 2018 Tuesday ,23 January
Turkish Cypriot paper attacked over Syria 'occupation' headline
GMT 07:21 2018 Tuesday ,02 January
Erdogan: Sudan and Turkey Draw up Road-Map for their Future Relations
GMT 13:32 2017 Sunday ,19 February
Bassem Samra: His role in 'International' surprise
GMT 12:40 2017 Monday ,08 May
Predators advance to Western Conference final
GMT 13:14 2017 Thursday ,30 November
Bezos a $100 bn man as Amazon rises
GMT 09:48 2017 Friday ,03 November
the animals still being sent into space
GMT 16:09 2017 Friday ,17 November
Indonesia smugglers stuffed exotic birds in pipes
GMT 12:02 2017 Monday ,27 March
SeaWorld to expand in China after investment deal
GMT 14:37 2017 Tuesday ,21 November
Supermodel leads mourning for fashion's 'King of Cling'
GMT 02:09 2017 Thursday ,02 March
Syria army enters IS-held Palmyra: Monitor
GMT 00:08 2017 Wednesday ,01 March
French election turns ugly as political attacks mount
GMT 16:42 2016 Friday ,14 October
ACWA Power aims to build 340 MW wind plant in Turkey
GMT 17:56 2017 Tuesday ,12 December
FNC delegation concludes participation in 4th Global Conference
GMT 15:50 2017 Friday ,08 December
Palestinian ministry retracts statement saying second Gazan killed in clashes
GMT 17:09 2017 Friday ,15 September
Indians edge Royals, stretch streak to 22 wins
GMT 03:11 2017 Tuesday ,05 December
At least 25 dead after migrant boat sinks off Libya
GMT 18:49 2017 Tuesday ,03 October
EgyptAir offers discounted tickets on US, North Africa
GMT 12:42 2017 Wednesday ,01 November
S.Korea prosecutors seek 10 years' jail for Lotte founder
GMT 08:19 2017 Monday ,13 March
Carlos the Jackal faces trial again in France
GMT 09:16 2017 Saturday ,22 April
'Assault on facts' energizes global March for Science
GMT 12:09 2017 Tuesday ,28 March
New British pound coin enters circulation
GMT 04:53 2017 Sunday ,25 June
Ramadan, Eid earn prime spots on Gulf fashion calendar
GMT 23:05 2017 Thursday ,05 October
Abu Dhabi Police launches Commander-in-Chief Award for Humanitarian Work
GMT 03:14 2017 Thursday ,09 March
Bahrain parliament approves military trials for civilians
GMT 02:48 2017 Wednesday ,20 September
Messi hits four as Barca maintain perfect start
GMT 21:06 2017 Sunday ,01 January
Implementation of economic program
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor