Toyota reports 461 bln yen operating loss in FY 2008

Stocks of new Toyota cars are parked in a lot in Onnaing's Toyota plant near Valenciennes, northern France, April 17, 2009. (Xinhua/Reuters FilePhoto)
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TOKYO, May 8 (Xinhua) -- Toyota on Friday reported a consolidated operating loss of 461.01 billion yen (4.66 billion U.S. dollars) in fiscal 2008 ending March 31, the first operating loss in 71 years.

As car sales are still on the decrease amid the
global financial crisis, the largest Japanese automaker projected an operating
loss of 850 billion yen (8.59 billion dollars) in fiscal 2009.

Meanwhile, Toyota also registered a group net loss of
436.94 billion yen (4.41 billion dollars) in fiscal 2008, compared with a
record-high profit of 1.72 trillion yen (17.37 billion dollars) for the previous
fiscal year.

For fiscal 2009, Toyota, which overtook General
Motors as the world's largest automaker in 2008, predicted a group net loss of
550 billion yen (5.55 billion dollars) on sales of 16.5 trillion yen (166.67
billion dollars).

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