On November 8, 2011, Toyota Motor Corp. announced its financial report for the first half of fiscal year 2011/2012 and the second fiscal quarter (July 1 to September 30 this year). In the second quarter, the proportion of operating profits shrank by 30%. As a result, the losses caused by the earthquake in the first half of the fiscal year remained unchanged.
In the second quarter of fiscal year 2011/2012, Toyota’s operating profit fell 32% from 110.87 billion yen (1.426 billion U.S. dollars) last year to 75.39 billion yen (9.66 billion U.S. dollars), which was generally lower than the value of Reuters’ previous survey of 101.3 billion. Japanese yen (1.303 billion U.S. dollars). Second-quarter net profit was 80.42 billion yen ($1.035 billion), down 18.5% year-on-year.
From the first half of 2011/2012, net income was 8.016 trillion yen (103.16 billion U.S. dollars), a year-on-year decrease of 17.2% compared to 9.678 trillion yen (124.55 billion U.S. dollars) in the same period last year. In the first two fiscal quarters, operating profit was a loss of 32.57 billion yen ($419 million); EBIT was a loss of 1.40 billion yen ($18.055 million).
Toyota originally estimated that as of March 31, 2012, operating profit for the fiscal year 2011/2012 was 450 billion yen (5.191 billion U.S. dollars). However, due to the shortage of spare parts due to flooding in Thailand, Toyota's factories in many factories have reduced their production. Revise down the full-year profit forecast for this fiscal year.
In the second quarter of fiscal year 2011/2012, Toyota’s operating profit fell 32% from 110.87 billion yen (1.426 billion U.S. dollars) last year to 75.39 billion yen (9.66 billion U.S. dollars), which was generally lower than the value of Reuters’ previous survey of 101.3 billion. Japanese yen (1.303 billion U.S. dollars). Second-quarter net profit was 80.42 billion yen ($1.035 billion), down 18.5% year-on-year.
From the first half of 2011/2012, net income was 8.016 trillion yen (103.16 billion U.S. dollars), a year-on-year decrease of 17.2% compared to 9.678 trillion yen (124.55 billion U.S. dollars) in the same period last year. In the first two fiscal quarters, operating profit was a loss of 32.57 billion yen ($419 million); EBIT was a loss of 1.40 billion yen ($18.055 million).
Toyota originally estimated that as of March 31, 2012, operating profit for the fiscal year 2011/2012 was 450 billion yen (5.191 billion U.S. dollars). However, due to the shortage of spare parts due to flooding in Thailand, Toyota's factories in many factories have reduced their production. Revise down the full-year profit forecast for this fiscal year.
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