Toyota&#39;s 2nd-Qtr Profit Shrinks on Yen, Units&#39; Slump
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as earnings at its truck making unit fell and a stronger yen cut the value of its overseas sales.
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Shares in Toyota Motor Corp. 7203.T   erased earlier gains to trade slightly lower on Thursday, a day   after the company lifted its first-half parent net profit   outlook by a third mainly to reflect a weaker-than-expected   yen.
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Toyota Motor Corp posted a 7.5 percent  rise in quarterly profit on Tuesday as speedy growth in China,  Russia and other emerging markets made up for a slowdown in the  United States, and it kept its annual forecasts unchanged.
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Japanese carmaker blames high costs, rising taxes and weak domestic sales for a drop in quarterly profits.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Tokyo&#39;s Nikkei share average fell 2.2 percent by midday Monday as a sudden rise in the yen&#39;s value hurt exporters, while a weekend earthquake that hit northern Japan
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Toyota Motor Corp posted a 7.5 percent rise in quarterly profit on Tuesday as speedy growth in China, Russia and other emerging markets made up for a slowdown in the United States, and it kept its annual forecasts unchanged.
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Tokyo&#39;s key stock index edged lower Tuesday morning as investors took profits from hefty gains the day before. The dollar was up against the Japanese yen.
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Toyota Motor Corp. reported a slight dip in earnings in the second fiscal quarter but marked a record profit for the first fiscal half Monday, as sales growth in North America, Europe and Japan offset losses from an unfavorable exchange rate.
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Shares in Toyota Motor Corp. (7203.T)  erased earlier gains to trade slightly lower on Thursday, a day  after the company lifted its first-half parent net profit  outlook by a third mainly to reflect a weaker-than-expected  yen.
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TOKYO -- Honda Motor Co., Japan&#39;s third-largest automaker, said Wednesday its profit fell 7.5 percent in its second fiscal quarter, adding that the strong yen hurt earnings even though revenue rose.
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Tokyo's Nikkei average closed down 0.25  percent on Friday as Toyota Motor Corp.'s earnings failed to  impress investors and UFJ Holdings Inc. tumbled on concern it  could accept an unfavorable merger offer.
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Tokyo's Nikkei average fell 2 percent at the opening on Monday as investors shied away from exporters including Toyota Motor Corp. after a fall in the dollar below 107 yen stoked concerns about their earnings.
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Tokyo stocks slipped on Thursday as exporters such as Sony Corp. and Honda Motor Co. Ltd. succumbed to dollar weakness against the yen, giving up some of the gains made during in the previous three sessions.
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Shares at Nippon Steel, the world's second largest steel firm, slump after reporting falling quarterly profits.
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as investment earnings at its truck making unit fell and a stronger yen cut the value of overseas sales.
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Japan's Nikkei share average slipped 0.58  percent on Monday morning after a weak U.S. jobs report kept  the dollar near a five-year low against the yen, hurting the  shares of Japanese exporters.