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 14:37 2016 Wednesday ,23 March
Guptill powers New Zealand to World T20 semis
GMT 08:47 2017 Saturday ,02 December
Turkey intensified military presence in Syria's Afrin
GMT 01:24 2017 Friday ,10 November
Catalan parliament speaker in court over independence bid
GMT 13:53 2017 Thursday ,28 September
Putin and Erdogan to hold difficult talks about Syria & Iraq
GMT 05:37 2017 Saturday ,28 October
Syria says UN report on chemical attack 'a falsification'
GMT 10:29 2017 Thursday ,02 March
Nicole Saba resumes filming “Former Mistress Daiary”
GMT 10:15 2017 Saturday ,01 July
2 palestinian teenagers killed by Israeli soldiers in W. Bank protest
GMT 15:29 2017 Thursday ,23 February
Upgrading RAP educational, training programmes hailed
GMT 18:57 2017 Tuesday ,21 February
Azerbaijan president appoints wife vice president
GMT 07:44 2017 Tuesday ,19 December
Kuwaiti ambassador congratulates leadership
GMT 11:26 2017 Sunday ,12 November
Quality education for youth must for nation building: PM
GMT 15:06 2017 Wednesday ,05 April
Accenture launches upgraded banking technology platform
GMT 03:31 2017 Sunday ,13 August
FBI probes Charlottesville deadly car rammingGMT 19:31 2013 Tuesday ,05 March
Singer Najwa Karam taking care of ill father
GMT 20:59 2017 Monday ,18 September
After three year siege, UNHCR aid convoy reaches Deir Ez-Zor in eastern Syria
GMT 02:08 2017 Monday ,30 October
Jun22/Jul23
GMT 10:36 2017 Sunday ,19 February
How to Design a Walk-in Closet in Your Bedroom
GMT 21:45 2017 Thursday ,20 April
Israel fighting to stop FIFA from suspending settlement soccer teams
GMT 10:54 2017 Saturday ,15 April
Mbeki concludes his consultations in Khartoum
GMT 09:50 2017 Friday ,21 April
Panama Papers law firm boss sees tax shelter boom in US
GMT 20:18 2017 Tuesday ,03 October
Palestinian government meets in Gaza for first time since 2014
GMT 11:10 2017 Thursday ,09 February
Tokyo stocks lose ground in morning as yen's rise hits exporters
GMT 06:35 2016 Thursday ,31 March
New Central Africa president vows
GMT 00:01 2017 Saturday ,04 March
Red Cross says seven treated for exposure to toxic agents near Mosul
GMT 14:27 2017 Wednesday ,14 June
UN rights chief 'alarmed' by impact of Gulf crisis
GMT 08:15 2017 Sunday ,12 February
Space sector to become bigger force in UAE economy, official says
GMT 02:43 2017 Monday ,27 February
Iraq: Police Commandos recapture new neighborhood in Mosul
GMT 09:43 2017 Friday ,12 May
American detained for assaulting airlines employee in Japan
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