(RTTNews) – Japanese automaker Toyota Motor Corp. (TYT. L, TM) announced Thursday that its net first-quarter revenue source fell 74.3 percent to 158.84 billion yen from 619.13 billion yen last year.
Earnings consistent with a consistent percentage plummeted to 56.87 yen from 216.19 yen a year ago.
Operating profit for the first quarter fell 98.1 to 13.92 billion yen from 740.61 billion yen last year.
Net income 4.60 trillion yen, 40.4% less than last year’s 7.72 trillion yen.
Looking ahead, for the fiscal year ending March 31, 2021, the company now expects a net source attributable revenue of 730 billion yen or 261.15 yen according to the stake, 64.1% less than a year ago. The perspective was undetermined in the past.
In addition, the company continues to expect an operating profit of 500 billion yen and an income of 24 billion yen. The outlook represents 79.2% minimization in the operational source of revenue and a 19.6% low in revenue sales compared to last year.
The Company continues to expect consolidated vehicle sales for the year of 7.0 million units, an increase is expected.
In addition, the Company announced some adjustments to the responsibility spaces of operational managers and senior executives, starting September 1, 2020.
In Japan, Toyota shares were traded at 6,800 yen, an increase of 2.29%.