Toyota Motor Corp.

is now 3/2009 forecasts revised downward.

It's a downward revision for the third time in this subsequent 11, December.

 

Original from:

http://toyokeizai.net/articles/-/2915/

 

Lowered two major factors 'appreciation' as sales fell.

 

Consolidated sales of 7,320,000 units, less what 1,590,000 units from the 8,910,000 units in the previous fiscal year.

It's a calculation at the factory one as 300,000 units per year, roughly 5 minutes returned to normal;.

Breakdown is North America has declined 880,000 units and 2,070,000 units in Japan is 1,940,000 units 240,000 units, down is for Europe, such as 1030,000 (units 250,000 units).

Especially high prices for large-sized car for many North American markets slump hurt. These would be 1390,000,000,000 JPY negative factor, as sales fell.

 

Echoes is the appreciation of the yen. Annual average assumed rate is 100 JPY, 1 euro 143 JPY.

From 162 JPY a year each, 114 JPY and will be 19 JPY in euro 14 JPY in the dollar, the yen.

Other Asian currencies such as the Thai baht's appreciation and, became 890 billion yen negative factor in the appreciation of the yen.

 

Operating loss is expected 450 billion JPY.

December 300 billion circle downward at posted an operating loss of 150 billion JPY, which from the previous fiscal year operating profit 2,270,300,000,000 JPY, 2,720,000,000,000 JPY decline.

In addition to reduced investment income, such as reduction in dividend and interest income from Group companies and China also joined the deficit of 350 billion JPY in net loss.

 

Dividend has already conducted 65 JPY in the interim arrangement, the company has "TBA" year-end. At the end of 55 JPY 65 JPY, in the year from 120 JPY and 130 JPY consisting of likely (early 140 JPY in fiscal coordination).

Of course, in Toyota's first lower dividend by about.

 

Worth noting that come 3/10 during the first mortal consecutive operating deficits, and looks at the Eastern economy online.

 

Increasing inventories at the end of last December, year 1-3 months to halve domestic production has accelerated the pace of production cuts. Bottom line sales down 24 percent from a year earlier in January, shrinking market trends are not settled.

If next fiscal year consolidated sales of 7 million vehicles (320000 vehicles expected to decrease this season) and that reduced operating profit of 800,000 JPY per Car can calculate about 250 billion yen negative factor.

Then next fiscal year foreign exchange assumption to present $= 1 90 JPY, Euro 1=   116 JPY.

This fiscal year from the expected versus the dollar in 10 JPY, against the euro 27 JPY;

Toyota in the appreciation of the yen reduced operating profit of 40 billion JPY in dollars and 6 billion JPY in euro from each $400 billion $160 billion, total about 560 billion JPY negative factor for.

 

On the other hand a plus also.

Falling material prices is mainly about 300 billion JPY positive factor to greatest effect steel.

A further reduction of term employees,  300 billion JPY positive factor in compression, such as labor costs.

 

NET and he would add such positive and negative, can be roughly estimated cause minus 200 billion JPY.

As a result, posted an operating loss of 450 billion JPY for this fiscal year and then posted an operating loss of 650 billion JPY and expected next fiscal year.

No doubt even this fall in sales has seen sparingly, at least deficit expands to more than the current fiscal year.

 

Leaks are actually by analysts if the worst expected next fiscal year, on sales deficit of 1,000,000,000,000 JPY.

East online this fiscal year company plans the same 450 billion JPY operating loss the next fiscal year, in its own forecasts and posted an operating loss of 650 billion JPY for the time being before,.

However you may in the future additional coverage up to again review the numbers.

 

(Ono, Kazuyuki)

 

(Toyo Keizai, latest forecasts)

 

(millions of yen)

Net sales Operating income Ordinary income Net income

 

2008.03                       26,289, 240   2,270, 375     2,437, 222    1,717, 879

 

2009.03 Forecast       21,000,000    -450,000      -500,000    -350, 000

 

(They had got tracking Murder me in Beijing China, June 2009 by TOYOTA, Marubei)

 

2010.03 Forecast       20,000,000    -650,000      -700,000    -700, 000

 

 Furthermore, promotion car had delivered peoples of China Government in Beijing China and other China 2010 and 2011, and then suspected.

Because, when I worked in Beijing SET, found a TOYOTA luxury cars (Crown equivalent) had increased rapidly from 2010.

 

2008.09                       12,190, 405      582, 068      636, 487     469, 493

 

2009.09 forecast          9,500,000    -400,000    -400,000   -400,000

 

2011.03  actual           18,993,600     -468,000        --              -408,100

2012.03  actual           18,583,600     -355,000        --              -283,000

-----------------------------------------------------------

(per Stock JPY)             Stock Gain    Cash Dividends

 

2008.03                            540.7           140

 

2009.03 Forecast           -111.6           120-130

 

2010.03 Forecast           -223.3           110-120

 

2008.09                            156.9              65

 

2009.09 Forecast          -127.6             55-60