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|Tuesday, November 08, 2011|
Toyota Motor Corp. reported a 19% drop in profit due to parts shortages from Japan's March earthquake and tsunami, as well as the yen's rapid appreciation against the dollar.
Japan's largest auto maker on Tuesday postponed a possible revision of its earnings forecast for the full-year, citing volatility in current markets and uncertainty on resumption of normal production due to flooding in Thailand. In August, Toyota had called for a profit of ¥390 billion ($5.01 billion) and sales of ¥19 trillion for the fiscal year ending next March.
"A lot of negative factors have piled up one after another," Toyota Executive Vice President and Chief Financial Officer Satoshi Ozawa said at a news conference. The company said it will update its outlook once the full impact of the production disruptions becomes clear.
Just as Toyota's production was recovering from shortages due to Japan's earthquake and tsunami in March, its global output was crimped by component shortages from the massive flooding in Thailand, where it builds parts and some autos for export.
The company posted a net profit of ¥80.4 billion in its fiscal second quarter ended September, down from ¥98.7 billion in the same period a year earlier.
Read more from The Wall Street Journal.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
Tuesday, May 26, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.
Friday, May 22, 2015
BY AMY MILSHTEIN
Floor plans embrace the great wide open.
Tuesday, May 26, 2015
BY JACOB PALMER
Live, Work, Play: CEO of Gorilla Capital.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
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