Toyota May Have Earned Over $1b In Q1 Of Fiscal Year

Bertel Schmitt
by Bertel Schmitt
toyota may have earned over 1b in q1 of fiscal year

Toyota Motor Corp. is expected to report a group operating profit of about 100 billion yen ($1.14b) for the April-June period, The Nikkei [sub]. That would be a huge improvement over the same quarter loss of 194.8 billion yen ($2.23b) in 2009. In case you are wondering about the strange quarters: Japan goes by the fiscal year that ends on March 31. The April-June period is the first quarter of the new year, and times are good at TMC.

Like Toyota’s European counterparts, TMC had strong sales “mainly in emerging nations and resource-rich countries,” as the Nikkei put it. Contrary to its European counterparts, TMC has to battle with a strong Japanese currency, which makes the results even more remarkable. The Nikkei thinks Toyota will not change its guidance for the full year, because of uncertainty over Western economies. The Nikkei thinks the actual profit could come in at 10 percent more or less than the forecast.

Join the conversation
4 of 9 comments
  • Oboylepr Oboylepr on Jul 25, 2010

    Come on LaHood, you're just gonna have to try harder!

  • Geo. Levecque Geo. Levecque on Jul 25, 2010

    Ford's profit equals how much they owe to Creditors.,it's a muggs game of sorts imho, talking about Ford any comments about the Transmission in the Fusion, ie it keeps trying to hunt for the right gear, yet it never seems to get it!

  • Philadlj Philadlj on Jul 26, 2010

  • Wsn Wsn on Jul 26, 2010

    For those of you comparing Ford to Toyota, consider this: Toyota has consistently made billions per quarter in the past multiple years. Ford didn't. If Ford can keep the 2 to 1 profit advantage going for several years, then you are right. But I would not bet on that.