The news that Toyota is expecting to post its first ever operating loss in the full year to March 31 is perhaps bad enough.
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But weak global trading conditions and the stronger yen are also hitting financial results prospects for other Japanese OEMs and investrors are bracing for a tough round of Q3 results.
Nissan, also rumoured to heading for a full year operating loss, is expected to issue a profit warning.
Reuters reports that Honda’s forecasts could be cut back again following further production cutbacks at home and overseas.
All three big players are said to be heading for third quarter loss.
Many analysts have also lowered their projections for next business year on new forecasts for depressed sales across the ‘triad’ markets of Japan, Western Europe and North America.
Reuters said that Nissan is seen swinging to a third-quarter loss of 81.7 billion yen, paving the way for its first annual operating loss in 14 years.
