business

Toyota profit plummets despite moderately solid sales

14 Comments
By Yuri Kageyama

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2019 GPlusMedia Inc.


14 Comments
Login to comment

I think the world is starting to lose faith in Japanese cars again

Um, someone didn't read the article:

despite relatively solid sales

If your premise were true, the loss of profits would be seen as a result in a drop of sales.

3 ( +4 / -1 )

Drove a used Honda last ten years. Biggest problem was a blown fuse fixed for 2 bucks. These cars are reliable. My only concern is how they will hold up in a wreck.

3 ( +4 / -1 )

Ever watched videos of terriorists? Big guns on the back of Toyota’s. Why, they are the best. Cars I mean.

2 ( +2 / -0 )

AgentXToday  09:19 am JST

I think the world is starting to lose faith in Japanese cars again

How do you figure that? Is this the conclusion you gathered from chairing the World Summit on Faith in Japanese Cars?

... because you can't draw that conclusion from this article, that's for sure.

1 ( +2 / -1 )

StrangerlandFeb. 7  09:25 am JST

I think the world is starting to lose faith in Japanese cars again

Um, someone didn't read the article:

despite relatively solid sales

If your premise were true, the loss of profits would be seen as a result in a drop of sales.

@strangerland, if your rebuttal were true, loss of profit due to loss of sales, actually if you look back to what happened to Nissan, loss of profit was due to discounting, especially in North America, I can't go back because JT deny access to old issues, but at exactly the time this was coming to light, Ghosn was thrown in jail by the coupe.

1 ( +1 / -0 )

Its across the board, and not because we're losing faith, quite the contrary, they are so well made, even a twelve year old Prius is as good as a new one, same with Honda, quality of Japanese cars is amazing, yet there is no very obvious technological upgrade direction to justify a new one, not just yet, petrol is cheap, and self driving has stalled, most people could go another three years with their existing car, and that's a good thing for the environment, not quite so good for the big manufactures.

0 ( +1 / -1 )

Only 12 billion dollars of profit in the last quarter? How will they ever survive!

0 ( +0 / -0 )

The profit of 180.9 billion Yen is equal to $1.64 billion, not $12.6 billion.

0 ( +0 / -0 )

Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year...

... helped by perks from U.S. tax reforms.

Toyota lowered its profit for the fiscal year through March...

...below its earlier projection...

-1 ( +0 / -1 )

It's quite absurd to think that I drew that conclusion from this article alone. But it was certainly on-point considering the thrust of the article.

As for the World Summit on Faith in Japanese Cars - that's precisely where I heard that. But I'll be sure to check with the Hillclimber International Council of Conjecture next time before I make those findings public...

-1 ( +0 / -1 )

@strangerland, if your rebuttal were true, loss of profit due to loss of sales, actually if you look back to...

I’m not sure if English is your second language, but this sentence is not making sense. You’ve got an ‘if’, without the required ‘then’. If my rebuttal were true, then...?

-1 ( +0 / -1 )

Actually it seems you’re trying to contradict what I said, but are actually repeating what I said.

-1 ( +0 / -1 )

Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year...

... helped by perks from U.S. tax reforms.

Toyota lowered its profit for the fiscal year through March...

...below its earlier projection...

Ok, you've shown how profit has gone down. But you have decided that is because you think "the world is starting to lose faith in Japanese cars again", except that none of what you posted in the quote above supports that assertion, and as I pointed out earlier, the article itself shows the assertion to be incorrect:

relatively solid sales

-2 ( +1 / -3 )

I think the world is starting to lose faith in Japanese cars again, and also realizing that there is plenty of ingenuity and reliability in other cars.

-6 ( +0 / -6 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites