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Toyota posts $1B profit as recovers from twin disasters

USA Today -- Toyota's quarterly profit slid 13.5% due to production setbacks caused by last year's tsunami disaster in Japan and the flooding in Thailand, the Associated Press reports.

But Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.

Toyota reported $1.05 billion in profits for the October-December third quarter, down from last year. But it thinks it can earn $2.6 billion this year as it bounces back, which still would be down substantially from past fiscal years.

A strong yen, which makes Japanese exports more costly but is good for employment in American plants, isn't helping matters.

Last year was tough for Japanese automakers as the earthquake and tsunami in northeastern Japan devastated key suppliers. The flooding in Thailand in late 2011 hit ...

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Submitted Feb 07, 2012 By: BurntOrange

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REPLIES (newest first)

remay Champion Author Houston Posts:5,227 Points:1,761,920 Joined:May 2006	Message Posted: Feb 8, 2012 12:39:00 PM Ignore remay Report Abuse What? Some other type of business besides Oil & Gas Exploration made money? Where are the outcrys about this???
chuckwthompson Champion Author Charlotte Posts:1,890 Points:217,535 Joined:Sep 2011	Message Posted: Feb 8, 2012 1:59:07 AM Ignore chuckwthompson Report Abuse And they did this without a bailout! What a concept... So why should GM and Chrylser get a bailout? Piss poor management and greedy labor unions does not deserve any bailout. I will never buy GM or Chrysler. Why should we Americans pay for their arrogance and stupidity? Go Toyota!!!
RonTheRunner77 Veteran Author Michigan Posts:343 Points:119,115 Joined:Dec 2011	Message Posted: Feb 7, 2012 8:47:15 PM Ignore RonTheRunner77 Report Abuse good news, it's never good to see any company not do well.
vjs3 All-Star Author Denver Posts:755 Points:291,510 Joined:Jun 2011	Message Posted: Feb 7, 2012 8:23:54 PM Ignore vjs3 Report Abuse Every Toyota owner that I know swears by them and would buy again.
playtimeCLE Champion Author Cleveland Posts:6,480 Points:1,187,575 Joined:Nov 2008	Message Posted: Feb 7, 2012 7:07:18 PM Ignore playtimeCLE Report Abuse I sure like my Tacoma. Toyota made a name for themselves as building a quality vehicle. That's how you do business & survive the bad times.
Tacodan All-Star Author Cincinnati Posts:870 Points:309,405 Joined:Apr 2011	Message Posted: Feb 7, 2012 5:49:02 PM Ignore Tacodan Report Abuse just think and nobody bailed them out! If you build it (great) they will buy it! Over and over again..........
schatzila Champion Author Los Angeles Posts:3,252 Points:681,040 Joined:Jun 2010	Message Posted: Feb 7, 2012 4:26:06 PM Ignore schatzila Report Abuse I'm on the verge of buying one.
peakkeller All-Star Author Colorado Springs Posts:958 Points:529,360 Joined:Dec 2009	Message Posted: Feb 7, 2012 11:22:00 AM Ignore peakkeller Report Abuse wow
carnifolks Veteran Author New Jersey Posts:354 Points:352,385 Joined:Sep 2006	Message Posted: Feb 7, 2012 10:38:45 AM Ignore carnifolks Report Abuse honda should be right with them
OHMS Champion Author Orange County Posts:11,294 Points:1,339,275 Joined:May 2005	Message Posted: Feb 7, 2012 10:31:29 AM Ignore OHMS Report Abuse Toyota Senior Managing Officer Takahiko Ijichi pointed to the strong yen as also behind the declining profits.
Night Owl Champion Author Toronto Posts:5,790 Points:1,436,625 Joined:Jul 2004	Message Posted: Feb 7, 2012 10:12:13 AM Ignore Night Owl Report Abuse Toyota's outlook looks good.
kress999 Sophomore Author Alabama Posts:214 Points:250,470 Joined:May 2011	Message Posted: Feb 7, 2012 9:18:46 AM Ignore kress999 Report Abuse Cant hold a good company down.
drpepperTX Champion Author Texas Posts:4,974 Points:395,320 Joined:Apr 2011	Message Posted: Feb 7, 2012 9:17:35 AM Ignore drpepperTX Report Abuse GREED, I tell ya! ;=}
dorisntx Champion Author Fort Worth Posts:1,272 Points:337,700 Joined:Apr 2011	Message Posted: Feb 7, 2012 9:12:42 AM Ignore dorisntx Report Abuse ok
humblepie Champion Author Toledo Posts:17,405 Points:2,011,270 Joined:Mar 2006	Message Posted: Feb 7, 2012 9:04:20 AM Ignore humblepie Report Abuse no holding a good company down
MontanaMac Champion Author Washington Posts:1,083 Points:279,750 Joined:May 2011	Message Posted: Feb 7, 2012 9:03:02 AM Ignore MontanaMac Report Abuse Good for Toyota.
Joeski1 Champion Author New Jersey Posts:7,479 Points:1,381,735 Joined:Dec 2004	Message Posted: Feb 7, 2012 8:43:37 AM Ignore Joeski1 Report Abuse wow.. that's a lotta Prius! the re-designed Camry is a step forward too.... Toyota is definitely investment grade.
lcleveland Champion Author San Antonio Posts:1,465 Points:334,875 Joined:May 2011	Message Posted: Feb 7, 2012 8:38:00 AM Ignore lcleveland Report Abuse ok
Rockyguitar All-Star Author Tampa Posts:851 Points:874,445 Joined:Sep 2008	Message Posted: Feb 7, 2012 8:37:17 AM Ignore Rockyguitar Report Abuse Isn't that special!
GingoutMD Champion Author Maryland Posts:2,674 Points:547,430 Joined:Jan 2010	Message Posted: Feb 7, 2012 8:31:53 AM Ignore GingoutMD Report Abuse Good for Toyota. I wish them and all the other companies impacted by the natural disasters in Japan a healthy rebound.