Japan earthquakes to cut into Toyota's bottom line

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

Operating profit at Toyota (NYSE:TM) may be reduced by as much as ¥30B ($277M), according to Mitsubishi UFJ Morgan Stanley.

The estimate factors in lost production caused by the series of earthquakes in Japan which have impacted manufacturing sites and supply chains.

Shares of Toyota fell by over 6% in Tokyo trading. The U.S. ADRs haven't begun to swap hands yet.

Previously: Toyota and Honda suspend some operations due to earthquake (April 15)

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