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Toyota Motor Corporation Message Board

  • flyingfishroe flyingfishroe May 8, 2010 3:50 PM Flag

    TM returned to profitability

    (TM 's ER is May 11th.but The Japanese biggest news paper,Yomiuri shimbun, scooped that Toyota was returning to the road where they should have been drivin' on.
    Bellow is my translation of the article, with little help from Google,I hope you like it. )

    >Toyota's operating profit fiscal year ended March 2010(U.S. GAAP) will possibly be near $800 million (1000 billion yen).
    Year ended March 10, initially expected in May announced an operating loss last year was 850 billion yen, managed to restore sales growth and profitability through cost reduction measures to support the sale of national governments.
    A series of large-scale recall (free repair recovery) was expected to cost about 18 billion yen due to the issue and the problem subsided, does not seem significant additional burden avoided.
    (Yomiuri Shimbun 04 minutes at the 3rd May 9, 2010)
    (2010年5月9日03時04分 読売新聞)

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