Toyota Operating Profit Plunges 32% As Supply Chain Dries Up

Toyota Motor Corp. posted a 32 percent drop in quarterly operating profit and withdrew its full-year profit forecasts as Thai floods pose a fresh threat to production while supply shortages from the March earthquake kept output low.

Toyota said today its operating profit for July-September was 75.39 billion yen ($966 million). Second-quarter net profit was 80.42 billion yen, down 18.5 percent, while revenue fell 5 percent to 4.57 trillion yen.



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Joe_Limon - 11/8/2011 10:07:40 AM

-3 Boost

Look the situation isn't that dire after all, they are still profiting!

Agent009 - 11/8/2011 11:43:43 AM

-8 Boost

Dunno about that. Thailand floods are going to hurt this quarter even more.

Kinda makes points out the weaknesses of "just in time" inventory method. That also means no reserve, so if a supplier goes down it takes down the whole chain.

Agent009 - 11/8/2011 11:44:55 AM

-9 Boost

They were doing far better when the government stacked the deck with a low Yen. But then again they will soon have that again.

Joe_Limon - 11/8/2011 1:12:40 PM

-6 Boost

sooo... ignorant...

good luck wiping your ass with coins...

Korea has 500 won coins....

Their lowest paper denomination which you could actually wipe your ass with is 1000 won...

Agent009 - 11/8/2011 12:47:16 PM

-8 Boost

Sensitivity to foreign exchange swings varies from company to company, but Toyota says its operating profit fluctuates ¥40 billion, or $426 million, for every one-yen change in the dollar, so its potential currency losses are many billions of dollars.

Need I say more?

http://www.nytimes.com/2008/10/27/business/worldbusiness/27iht-auto.1.17272623.html

That was from 2008

wcbrown - 11/8/2011 2:32:07 PM

-5 Boost

Oh my....LOLOLOLOLOLOLOLOLOL ROTFL Hahahahahahahahahahahahahahahahahahahahahahahahaha....!!!