Toyota Profits Crater - Delays Further Guidance Until Mid June

But when you are worth $$$$250+ Billion who cares about profit???? Some companies are lucky to be in business after disasters..let alone have a product line thats still in demand and still to most standards progressive...009, go find a rock and climb under it.

I guess you only care about profits when you want to stay in business.

Toyota will recover (no doubt), but this could seriously hinder their ability to stage a comeback and be competitive.

Lighten up ,will ya. No need to harbor so much hate in yourself

Toyota will get back up to full song , once they figure out where they are going to get all the needed electricity .Unil that happens , no timelines can be set

2. Toyota’s Net Income Nearly Doubles During Fiscal Year Ending March 31, 2011
Toyota announced Wednesday that it sold more cars, increased revenues and nearly doubled its net income during the recent fiscal year (April 1, 2010 – March 31, 2011).

--On a consolidated basis, net revenues for the fiscal year totaled 18.993 trillion yen, an increase of 0.2 percent compared to the previous fiscal year
--Net income jumped from 209.4 billion yen to 408.1 billion yen due to factors including increased sales and continued cost-cutting efforts
--Consolidated vehicle sales for the fiscal year totaled 7.308 million units, an increase of 71 thousand units

“Our business environment continued to be challenging due to Yen appreciation among others,” noted Toyota Global President Akio Toyoda. “Nevertheless, we managed to improve our profit structure even further thanks to the support from all our stakeholders, in particular our customers.”

To read full results news release, please visit:
http://www2.toyota.co.jp/en/news/11/05/0511_1.pdf.

Do not forget Toyota profits came from decades of selling cars on a week Yen. Now international efforts have corrected this and the Yen is much stronger net profits are much smaller for Toyota. This disaster is a a double blow to the them.