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 03:26 2017 Wednesday ,20 September
Rio redemption as Van Vleuten wins world title
GMT 21:43 2016 Monday ,06 June
Education ministry denies leakage of English Language exam
GMT 08:35 2017 Saturday ,16 December
Turkey’s Erdogan: Muslim nations to go to UN over Jerusalem
GMT 12:58 2015 Tuesday ,15 December
Sanofi aims for top spot in consumer health via asset swap
GMT 00:12 2017 Friday ,17 November
Wal-Mart shares rise despite earnings plunge
GMT 13:17 2017 Saturday ,01 April
New podcast 'S-Town' from 'Serial' creators tops charts
GMT 21:04 2018 Monday ,29 October
Turkish, Saudi prosecutors cooperating on Khashoggi case is useful
GMT 14:06 2018 Thursday ,18 October
Second marriage thoughts? Government says ask wife first
GMT 21:07 2017 Thursday ,21 September
Turkey rallies rivals, friends to oppose Kurdish state
GMT 07:12 2017 Sunday ,01 October
Sharapova digs deep in China Open epic
GMT 17:37 2017 Wednesday ,08 March
North Namibia reports malaria outbreak
GMT 09:13 2017 Friday ,28 April
EAG & Emirates Red Crescent support group travelling for Umrah
GMT 21:00 2018 Thursday ,13 December
Cabinet approves deal on migration challenges in Egypt
GMT 12:00 2018 Thursday ,13 December
Liverpool, Manchester City seek neighbours' help in title chase
GMT 15:25 2018 Wednesday ,21 November
Putin may meet with Saudi crown prince in Argentina
GMT 14:38 2017 Thursday ,19 October
Bayern down Celtic on Heynckes' Champions League return
GMT 05:04 2017 Wednesday ,04 January
French police foil terror attack, arrest 7
GMT 05:38 2017 Thursday ,04 May
Kids need break from gadgets to help them see the real world
GMT 20:29 2016 Tuesday ,19 April
Hamdan bin Rashid opens new extensions of Rashid Hospital
GMT 13:33 2017 Sunday ,23 April
15 celebrities who became parents via surrogacy
GMT 21:34 2016 Monday ,21 March
Mobile app helps Azerbaijani TV station push the news out
GMT 07:25 2017 Tuesday ,04 April
Moscow University students visit GPIC
GMT 15:59 2017 Sunday ,06 August
Brazilian troops launch anti-crime operations in Rio slums
GMT 11:01 2017 Tuesday ,21 March
Thompson, Curry outshine Westbrook, Harden fires Rockets
GMT 16:12 2017 Wednesday ,06 September
My US Open moment just as important as Nadal
GMT 05:11 2017 Thursday ,27 July
Earnings lift US stocks to records; dollar suffers
GMT 11:32 2017 Saturday ,19 August
Libyan National Army arrested command of elite forces
GMT 13:14 2017 Friday ,28 July
Etihad Airways reports net loss for 2016 as one-off impairments impact
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