Toyota expects strong recovery with the acceleration of production in H2
And production close to normal after July
Toyota today announced a near normal production after July return; the company will begin to catch up with production deficits occasioned by the earthquake and tsunami in October and expects to conclude the fiscal year ending March 31, 2011 with a net profit of 280 billion yen. This information was announced today at a press conference in Japan. The company expects sales of 7.24 million vehicles during the fiscal year, has roughly the same volume as the previous year, during which 7.30 million vehicles had been sold. Toyota expects operating revenues for the fiscal year of 18.6 trillion yen.
The company has indicated that the production deficit for the first half is expected to reach 800,000 units; the expected recovery for the second half is expected to catch about 350,000 units, a net loss of 450,000 units due the earthquake and tsunami of March 11. Even if it may be some variation between models and regions, Toyota believes that its production will reach a level close to normal after July.
In addition to the positive news about its production and profits, Toyota announced its intention to invest more aggressive way for the future during the fiscal year by increasing its spending on equipment and facilities but also in the field of research and development. Specifically, the Company announces investments to the tune of 720 billion yen, up 77.7 billion on equipment and facilities, and 760 billion yen, up 29.7 billion on R & D
For more details on these predictions, visit: