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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.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN
A New York floral and gift business takes on the iconic Harry & David brand.
Friday, June 05, 2015
As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Thursday, July 30, 2015
17 airlines make stops at Portland International Airport, but not all are not created equal when it comes to customer service.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
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