Friday May 25, 2012

Toyota's quarterly profit slides 39% as strong yen bites

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  • 0

    ilcub76

    Blaming it on the strong yen (weak dollar)? How long has the dollar been weak? Can't a "global" company like Toyota figure that in to their corporate planning? Just sounds like more whining to me.

  • 0

    Fadamor

    The strengthening yen is going to have a considerable impact on profits - especially in regards to components imported from outside Japan. Corporations plan for contingencies based on historical averages and the yen is departing the average range of its fluctuations. That, combined with the hit they took with all the recalls (which couldn't be forseen) means they're not in a good place right now. But of course things could be completely different in 30 days.

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