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 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomat
GMT 14:00 2018 Tuesday ,11 December
Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
GMT 08:09 2018 Monday ,10 December
Lebanon’s property market ‘on the brink of collapse’
GMT 12:06 2018 Thursday ,13 December
Blue light in smartphones linked to blindness and some cancers
GMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"
GMT 15:08 2015 Wednesday ,27 May
South Korea refers North Korea to UN sanctions panel over SLBM
GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in January
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
GMT 18:36 2016 Sunday ,20 November
Palestinian Foreign Ministry calls for protecting academic facilities
GMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buying
GMT 20:32 2018 Friday ,30 November
Turkey hails China's 1st import expo, gets ready for next session
GMT 17:15 2018 Monday ,26 November
Sukhoi Civil Aircraft plans to supply fifteen SSJ100 jets to Adria Airways
GMT 15:25 2017 Thursday ,28 December
US home values soar in 2017, renters shell out record
GMT 09:16 2017 Thursday ,09 February
Some useful tips about How to clean and maintain your outdoor furniture!
GMT 05:38 2014 Tuesday ,27 May
Feng Shui decorating tips
GMT 18:39 2018 Monday ,22 October
Al-Bashir Received Condolence Cable from Sultan Qaboos
GMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economy
GMT 12:03 2018 Monday ,22 January
Mongolia – Vast wilderness and rugged adventure
GMT 09:28 2018 Sunday ,14 January
launches Holographic Content collection
GMT 19:27 2017 Sunday ,31 December
June 21 - July 21
GMT 04:54 2017 Tuesday ,04 July
Abu Dhabi airport sees slower passenger growth in 2017
GMT 18:50 2017 Tuesday ,10 October
Spain, EU warn Catalan leader ahead of independence showdown
GMT 14:10 2017 Thursday ,12 January
War and elections in the DRC
GMT 20:15 2017 Monday ,24 April
Tunisian Minister confident of his country's future
GMT 22:10 2017 Wednesday ,22 February
Roads will be free of traffic jam, accidents soon
GMT 18:29 2018 Tuesday ,23 October
More displaced families return to their homes via Abu al-Dohor corridor
GMT 04:31 2018 Monday ,24 September
Works minister Essam bin Abdulla meets school project team
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