Toyota's H1 Production Up 46.8 Percent - But Where Are The Profit Numbers?
ToMoCo is keeping the suspense up on their long awaited and h otly rumored first quarter profit numbers. Daihatsu has reported stellar numbers. Hino has reported a nice set of financials. Now, “nine major Toyota Motor Corp. group companies all reported group net profits in the April-June quarter thanks to a recovery in the auto industry,” says The Nikkei [sub]. No word yet from the mother ship. EMCON. Strict radio silence.
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.