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▼ Toyota Cuts Forecast For Full-Year Profit
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Toyota Motor says US tariff increases would shave almost 10 billion dollars off operating profit for the current fiscal year.
Japan's biggest automaker also said operating profit will probably be 3.2 trillion yen, or about 22 billion dollars, in the year ending March, compared with the previous projection for 3.8 trillion yen, or 26 billion dollars.
Toyota announced the worsening outlook after reporting profit fell in the April-to-June quarter.
Operating profit dropped 10.9 percent in the period from a year earlier. Sales jumped to a record of more than 12 trillion yen or 83 billion dollars for the quarter.
Japan's biggest automaker also said operating profit will probably be 3.2 trillion yen, or about 22 billion dollars, in the year ending March, compared with the previous projection for 3.8 trillion yen, or 26 billion dollars.
Toyota announced the worsening outlook after reporting profit fell in the April-to-June quarter.
Operating profit dropped 10.9 percent in the period from a year earlier. Sales jumped to a record of more than 12 trillion yen or 83 billion dollars for the quarter.
- 7/8 21:36
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