Toyota (TM) sharply downgrades its earnings outlook for the fiscal year ending in March,...

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota (TM) sharply downgrades its earnings outlook for the fiscal year ending in March, pointing to a strong yen and recent flooding in Thailand. The company now expects a net profit of ¥180B ($2.3B) vs. August's projection of ¥390B, revenue of ¥18.2T vs. ¥19T, and sales of 7.38M vehicles vs. 7.6M.