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Kon Kenta, Toyota’s chief financial officer, said they will increase sales but do not expect stability.
Car manufacturers, which were in a very difficult situation due to the coronavirus that affected the whole world, have stopped production at their factories and closed their dealerships.
Although production has resumed for auto brands, the effects of the outbreak continue.
Japanese automaker Toyota updated its net profit forecast for fiscal 2020 upward, announcing it at 1.42 trillion yen ($ 14 billion), down 30.3% from 2019.
Toyota director of financial affairs Kon Kenta provided updated information on the group’s fiscal 2020 balances, including Daihatsu and Hino, during the online press conference.
The company’s net profit for 2020 is expected to be 1.42 trillion yen ($ 14 billion), down 30.3%, according to the new projection, in which the net profit loss forecast of 64, 1% previously announced is reduced.
“WE ARE NOT IN A STABLE POSITION”
Kon Kenta, Chief Financial Officer of Toyota, “We are unable to be stable, but we aim to increase our sales. “ used expressions.
During the fiscal half-year from April to September, Toyota sold 4.37 million vehicles. The company’s net profit decreased by 45.3% and operating profit decreased by 62.8%.
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