Toyota Announces Second Quarter Financial Results
TOYOTA MOTOR CORPORATION (TMC) today announced financial results for the six months ended September 30, 2008. On a consolidated basis, net revenues for the first half of the fiscal year totaled 12.19 trillion yen, a decrease of 6.3 percent compared to the same period last fiscal year. Operating income decreased 54.2 percent to 582.0 billion yen, while income before income taxes, minority interest and equity in earnings of affiliated companies was 636.4 billion yen. Net income decreased by 47.6 percent to 493.4 billion yen. Operating income decreased by 690.1 billion yen. Negative factors for the decline include 300.0 billion yen due to the appreciation of the Japanese yen against the U.S. dollar, 90.0 billion yen due to effects of ...
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