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 07:27 2018 Sunday ,09 December
Messi's free-kick double keeps Barcelona clear at the top of La Liga
GMT 11:56 2018 Thursday ,06 December
Messi primed for Catalan derby after Ballon d'Or snub
GMT 19:57 2018 Wednesday ,05 December
Killing mentally-disabled Palestinian in Tulkarem focus of dailies
GMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focus
GMT 00:21 2017 Tuesday ,18 April
Police disrupt protest to prevent olive grove removal in Italy
GMT 08:22 2017 Monday ,06 March
Bonucci saves Juve blushes in rare league draw
GMT 08:06 2017 Friday ,10 November
Sri Lanka plans to scrap state-owned fossil fuel vehicles by 2025
GMT 11:25 2017 Tuesday ,07 November
'Thor,' swinging his mighty hammer, smashes Hollywood's slump
GMT 12:55 2018 Monday ,03 December
Russia expects UN conference to adopt clear rules to implement Paris Agreement
GMT 14:52 2017 Wednesday ,15 March
Saudi, U.S. Foreign Ministers Review Regional Developments
GMT 23:24 2018 Wednesday ,17 January
PM chairs cabinet meeting, accorded approval to agenda items
GMT 10:53 2017 Tuesday ,26 December
Shehbaz meets 16 countries’ envoys, HCs
GMT 02:47 2017 Saturday ,23 December
France seeks to save its mediation in Libya
GMT 19:04 2017 Saturday ,02 September
Nearly 60,000 have fled Myanmar violence into Bangladesh: UN
GMT 12:12 2017 Tuesday ,21 March
Penelope Cruz to play Donatella Versace in 'American Crime Story'
GMT 21:36 2017 Sunday ,12 March
Palestine urges political moves to push forward peacemaking process
GMT 14:39 2017 Tuesday ,13 June
EU weighs post-Brexit jab against London finance hub
GMT 11:05 2017 Wednesday ,21 June
May presents bills in Queen's Speech to take Britain out of EU
GMT 11:16 2017 Saturday ,07 January
Sells Berlin film trophy to survive
GMT 04:36 2017 Monday ,10 July
Special forces free aid workers in Afghanistan
GMT 00:50 2017 Saturday ,08 April
83% in UAE support new nuclear plant: Poll
GMT 09:53 2017 Saturday ,25 November
Enas Al Degheidy happy for honoring Hind Sabry
GMT 05:41 2017 Monday ,08 May
Ras Al Khaiman tracks turtles gathering on its shores
GMT 14:43 2015 Thursday ,24 September
Comic book hero Corto Maltese back to life
GMT 12:26 2018 Monday ,15 October
Will Smith on Sunday back in Dubai, heads to Burj Khalifa
GMT 17:03 2017 Saturday ,25 March
Marine Le Pen: No Grounds for Hostility Between Paris, Moscow
GMT 04:01 2017 Wednesday ,08 February
GCC hospitality sector to grow despite downturn: GIOHIS
GMT 08:59 2017 Friday ,17 February
Senior ISIS Leader Arrested in Afghanistan
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