{"id":505452,"date":"2022-11-01T12:00:01","date_gmt":"2022-11-01T09:00:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/toyota-keeps-net-profit-forecast-despite-production-woes\/"},"modified":"2022-11-01T12:00:01","modified_gmt":"2022-11-01T09:00:01","slug":"toyota-keeps-net-profit-forecast-despite-production-woes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/toyota-keeps-net-profit-forecast-despite-production-woes\/","title":{"rendered":"#Toyota keeps net profit forecast despite production woes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c56f3e8cbd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c56f3e8cbd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/toyota-keeps-net-profit-forecast-despite-production-woes\/#%E2%80%9CToyota_keeps_net_profit_forecast_despite_production_woes%E2%80%9D\" >&#8220;Toyota keeps net profit forecast despite production woes&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CToyota_keeps_net_profit_forecast_despite_production_woes%E2%80%9D\"><\/span>&#8220;Toyota keeps net profit forecast despite production woes&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/toyota-said-the-weaker.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/toyota-said-the-weaker.jpg\" data-sub-html=\"Toyota said the weaker yen had helped boost revenue.\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/toyota-said-the-weaker.jpg\" alt=\"Toyota said the weaker yen had helped boost revenue\" title=\"Toyota said the weaker yen had helped boost revenue.\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                Toyota said the weaker yen had helped boost revenue.<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Toyota kept its annual net profit forecast unchanged on Tuesday as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets.<\/p>\n<p>                                                                                The world&#8217;s top-selling automaker said it now expects to sell half a million fewer vehicles than planned in the current financial year because of a global chip shortage and other supply problems.<\/p>\n<p>Chief financial officer Kenta Kon warned that &#8220;headwinds are blowing&#8221; as he listed the uncertainties facing the company.<\/p>\n<p>&#8220;Energy and material prices, as well as the global labour situation, are changing rapidly and significantly,&#8221; along with shifting monetary policies and forex rates, he told reporters.<\/p>\n<p>&#8220;A number of changes are h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening simultaneously, including the semiconductor situation\u2014any one of which could have a major impact on the future of the automotive industry.&#8221;<\/p>\n<p>Semiconductors are an essential component of modern cars, and the pandemic-triggered chip drought has pummelled Toyota and its rivals worldwide.<\/p>\n<p>On Tuesday Toyota revised down its full-year production plan to 9.2 million units &#8220;due to risks such as procurement of semiconductors&#8221;.<\/p>\n<p>The weak yen should help inflate revenues, however, and the carmaker now predicts annual sales worth 36 trillion yen ($240 billion), up from the previous forecast of 34.5 trillion yen.<\/p>\n<p>Buoyed by the cheap yen\u2014which has lost more than 20 percent of its value against the dollar this year\u2014Toyota in August upgraded its full-year net profit forecast to 2.36 trillion yen, which it maintained on Tuesday.<\/p>\n<p><b>Production &#8216;bottleneck&#8217;<\/b><\/p>\n<p>Net profit in the six months to September fell 23 percent year-on-year to 1.2 trillion yen.<\/p>\n<p>Toyota said higher material costs pushed down its profits in North America in the first half, while business in Europe was affected by its decision to pull out of Russia.<\/p>\n<p>The company announced in September its decision to end production in Russia, citing supply chain problems.<\/p>\n<p>&#8220;It is hard to see six months ahead in the automotive industry, and it is really difficult to foresee Toyota&#8217;s earnings,&#8221; Kon said.<\/p>\n<p>But the company can broadly maintain production levels &#8220;thanks to steady work over a long time, with many stakeholders, to improve financial health&#8221;, he added.<\/p>\n<p>Some analysts say Toyota has been less affected by the chip shortage than its Japanese rivals, due in part to the stronger ties it cultivated with domestic suppliers after Japan&#8217;s 2011 earthquake and tsunami.<\/p>\n<p>A key question will be how much longer Toyota is willing to keep up this approach, said Kohei Takahashi, an analyst at UBS Securities.<\/p>\n<p>As the automaker readies to pivot toward new businesses and technologies, &#8220;there will come a moment Toyota will demand suppliers give something back,&#8221; he said.<\/p>\n<p>Seiji Sugiura, an analyst at Tokai Tokyo Research Center, told AFP ahead of the earnings release that Toyota will face difficulties ahead.<\/p>\n<p>&#8220;Domestic production issues are emerging as a bottleneck,&#8221; he warned, while &#8220;reduced exports could affect the extent to which (the forex rate) contributes to the company&#8221;.<\/p>\n<p>Toyota said each drop of one yen per dollar is estimated to translate into a 45-billion yen increase in operating profit.<\/p>\n<p>So &#8220;benefits from the yen&#8217;s depreciation will remain palpable&#8221;, Sugiura predicted.<\/p>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 AFP<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Toyota keeps net profit forecast despite production woes (2022, November  1)<br \/>\n                                                 retrieved  1 November 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-11-toyota-net-profit-production-woes.html<\/p>\n<p>                                            This document is subject to copyright. 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Toyota kept its annual net profit forecast unchanged on Tuesday as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets. The world&#8217;s top-selling automaker said it now expects to sell&#8230;<\/p>\n","protected":false},"author":1,"featured_media":505453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/toyota-said-the-weaker.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-505452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=505452"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/505453"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=505452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=505452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=505452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}