JAPAN: Toyota books JPY460m full year operating loss
Toyota Motor Corporation on Friday reported a stunning year on year fall in its full fiscal year operating profit from 2.27 trillion yen to a loss of JPY461bn. It also forecast that the operating loss for fiscal 2009/10 would almost double to JPY850bn but estimated that, through the reduction of variable and fixed costs, it would achieve a total profit improvement of around JPY800bn in fiscal 2010.
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