Financial Report Financial reports from the largest companies of the world

The profit of Toyota with 48% decrease in the last quarter

The number 1 Manufacturer of cars in the world - Japanese giant Toyota, has announced its profits decline by 47.6 percent annually in the last quarter of 2010. This is mainly due to declining sales and heavy reliance on external markets. The operating profit at Toyota for the period October-December 2010 was 99.07 billion yen, which is lower than realized a year earlier 189.1 billion yen. Net income did shrink from 93.63 billion yen to 38.9 billion yen. For the fiscal year that the company ends on 31 March, Toyota expects a profit of 550 billion yen, well above previous expectations of 380 billion yen. Analysts forecast the company's operating profit to reach 489 billion yen. The increased forecast comes despite another need to download cars from the market because of technical defects. The expectations are sales globally would amount to 7.48 million, an increase over the previous year when they were 7.41 million for the U.S. market is not expected to change, set forth the sale of 2.09 million vehicles . There is some movement of the internal market in Japan is expected to sell 2.02 million cars.
In the last three months of Toyota shares rise in price by 18 percent, and today no registered change the course of trade in Tokyo.