Toyota Motor (TM) Posts Soft Q4 Results; Global Sales Down 12%
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Toyota Motor Corp. (NYSE: TM) reports Q4 net income comes in at ¥25.4 billion, sharply lower than the ¥104 billion. The company reported quarterly profit of $314 million, down about 77 percent from $1.39 billion during the same quarter last year.
Auto sales in Japan dropped from 677,000 to 425,000 during Q4. Global sales were down from 2.04 million to 1.79 million.
FY11 net income of ¥209.4 billion, versus ¥408.1 billion reported for the same period a year ago. Revenue for the quarter was ¥18.993 trillion, compared to ¥18.955 trillion in 2010.
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Auto sales in Japan dropped from 677,000 to 425,000 during Q4. Global sales were down from 2.04 million to 1.79 million.
FY11 net income of ¥209.4 billion, versus ¥408.1 billion reported for the same period a year ago. Revenue for the quarter was ¥18.993 trillion, compared to ¥18.955 trillion in 2010.
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