Toyota's Damage Control
05-12-2010, 08:44 AM
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Toyota's Damage Control
2 interesting articles
Excerpt:
Toyota Motor Corp.'s latest earnings report didn't just show the auto giant's skill in managing damage control after its massive global recalls -- it also showed Toyota's improved prowess in managing its North American book....
And on Toyota's core business, some analysts remain wary.
Goldman Sachs maintained its neutral rating on Toyota, with its Tokyo analysts saying in a research note Wednesday that they think the company's margins will take one to two years longer to recover than those of its competitors.
"Toyota has yet to adopt a strategy of joining with affiliated suppliers that could allow it to achieve greater profitability than competitors," they said, and predicted an operating margin of 3.0% at Toyota in the fiscal year which began in April -- which would be far behind that of Honda Motor Co.'s (JP:7267 3,030, +31.00, +1.03%) (HMC 33.10, +0.44, +1.35%) 6.4%.
So even if Toyota's financial wizards continue to make correct bets, the bottom line is that the company needs to stay focused on efficiently making and selling reliable cars.
Source: http://www.marketwatch.com/story/toyotas-i...5-12?link=kiosk
-----------------------------
Excerpt: Toyota Motor Corp. Tuesday said it swung to a net profit of 209.46 billion yen ($2.26 billion) in the fiscal year which ended in March, reversing a year-ago loss, and predicted the current year would also be more profitable despite its recent plague of recall woes.
The auto giant posted a loss of 437 billion yen in the previous year.
Operating profit for the latest full year came to 147.52 billion yen, on sales of 18.951 trillion yen...
Toyota estimated that group vehicle sales for this fiscal year will be 7.29 million units, up 53,000 units from last fiscal year, as sales volume rose in regions outside of Japan.
http://www.marketwatch.com/story/toyota-sw...5-11?link=kiosk
Excerpt:
Toyota Motor Corp.'s latest earnings report didn't just show the auto giant's skill in managing damage control after its massive global recalls -- it also showed Toyota's improved prowess in managing its North American book....
And on Toyota's core business, some analysts remain wary.
Goldman Sachs maintained its neutral rating on Toyota, with its Tokyo analysts saying in a research note Wednesday that they think the company's margins will take one to two years longer to recover than those of its competitors.
"Toyota has yet to adopt a strategy of joining with affiliated suppliers that could allow it to achieve greater profitability than competitors," they said, and predicted an operating margin of 3.0% at Toyota in the fiscal year which began in April -- which would be far behind that of Honda Motor Co.'s (JP:7267 3,030, +31.00, +1.03%) (HMC 33.10, +0.44, +1.35%) 6.4%.
So even if Toyota's financial wizards continue to make correct bets, the bottom line is that the company needs to stay focused on efficiently making and selling reliable cars.
Source: http://www.marketwatch.com/story/toyotas-i...5-12?link=kiosk
-----------------------------
Excerpt: Toyota Motor Corp. Tuesday said it swung to a net profit of 209.46 billion yen ($2.26 billion) in the fiscal year which ended in March, reversing a year-ago loss, and predicted the current year would also be more profitable despite its recent plague of recall woes.
The auto giant posted a loss of 437 billion yen in the previous year.
Operating profit for the latest full year came to 147.52 billion yen, on sales of 18.951 trillion yen...
Toyota estimated that group vehicle sales for this fiscal year will be 7.29 million units, up 53,000 units from last fiscal year, as sales volume rose in regions outside of Japan.
http://www.marketwatch.com/story/toyota-sw...5-11?link=kiosk
05-12-2010, 07:13 PM
#2
Wow! $2.26B is not bad at all, especially for a difficult year; still far from their best year of $17B, which still holds the record in the automotive industry and only bested by oil companies and some financial and drug corporations.
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