Big quarter expected at Toyota

Posted by: Ian Rowley on July 30, 2006

Toyota’s quarterly results are out on Friday and, if reports in Japan’s Nihon Keizai (Nikkei) newspaper prove correct, they look like being huge. Without quoting sources, the Nikkei reported over the weekend that Toyota’s operating profit will reach a mind-boggling $4.3 billion—up 23% from last year—for the three months through June. Sales for the same period should rise 10% to $48 billion. What’s more, despite a few problems of late including increasing recalls and a sexual harassment lawsuit against a former top executive, the Nikkei reckons operating profit for the year through March 2007 could top 2 trillion yen ($17.4 billion).

Reader Comments

Jeremy

August 3, 2006 3:02 AM

All the very best for the results!!!I believe slow and steady efforts are rewarded in the long run. And yours wil be too.

Phil

August 6, 2006 1:18 PM

Well spoken, Mr. Jeremy!!!! Long term investments for long term growth. This is another reality check for the Big 3. Some time ago I read so many comments from haters on Toyota's growth now the comments are virtually gone and many of them have purchased foreigns since this time. It is amazing that Toyota had invested in the quality processes which much of their competition uses now, well over a decade ago when costs were lower. These initial investments have made Toyota the profitable automotive manufacturer in the world. The Big 3 and certain other automakers will never see these profits because of their lack of vision and the cost of retooling now. Go Toyota.

nascar

August 24, 2006 12:47 AM

Looks like it may be time to dump any holdings for the big 3 and put them in something else that will grow. Although i did read an entry that Ford's stock jumped 36% in less than a month! from 6 to 8 and some change.

Post a comment

 

About

Want the straight scoop on the auto industry? Our man in Detroit David Welch, brings keen observations and provocative perspective on the auto business.

BW Mall - Sponsored Links

Buy a link now!