net_left adver left
Detail

Toyota likely to post lower Q1 profit as production woes cast shadow

By Satoshi Sugiyama TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and...
Toyota likely to post lower Q1 profit as  production woes cast shadow © Reuters. FILE PHOTO: Toyota Motor Corporation cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon/File Photo

By Satoshi Sugiyama

TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world's top automaker by sales to repeatedly slash production targets.

The Japanese car maker cut its monthly production targets three times during the April-June first quarter, falling 10% behind its initial goals, due to shortages of semiconductors and the impact of COVID-19 lockdowns in China.

Like other manufacturers, Toyota is grappling with higher costs and fears that global inflation could put the brakes on consumer demand. Its production woes are notable because they mark a departure from its initial success in navigating supply problems at the start of the pandemic.

Last year first-quarter profit surged as Japan's biggest automaker left the worst of the pandemic's woes behind, but this year, the only positive in the first quarter is likely to be the weaker yen, said Koji Endo, an analyst at SBI Securities.

"Last year's first quarter was a period of thorough cost cutting," Endo said. "Compared to that, profits are likely to have fallen sharply this time around."

Toyota is expected to report on Thursday a 15% decrease in operating profit to 845.8 billion yen ($6.47 billion) for the April-June quarter, according to the average estimate in a poll of 10 analysts by Refinitiv. The profit drop, nevertheless, is the smallest for the automaker in three quarters.

Graphic: Japan automaker shares - https://fingfx.thomsonreuters.com/gfx/mkt/jnvwengnmvw/image-1659499279920.png

The yen weakened some 10% during the April-June quarter, almost touching 137 to the dollar at one point, compared to Toyota's forecast for the year of 115 yen.

A weak yen is typically a boon for companies that export, as it boosts revenue when overseas earnings are brought home. However, some of the benefit has been offset in recent years as Japanese companies manufacture more abroad, meaning that their overseas costs also go up as the yen weakens.

CHALLENGES

Toyota and its major Japanese rivals, Nissan (OTC:NSANY) Motor and Honda Motor, are also grappling with longer term challenges including electrification and automation of vehicles.

And consumer trust issues rear their head frequently in Japan, with major Toyota affiliate Hino Motors admitting on Tuesday it falsified emissions data for longer than previously disclosed.

A key near-term question for analysts and investors is whether Toyota can maintain the 9.7 million global vehicle production target for the current financial year ending in March.

Meeting that would likely depend on the outlook for the chips shortage and supply chains - as well as the economic outlook, said Endo of SBI Securities.

But even if the economy slows down, Toyota has an enormous backlog of orders, and a decrease in demand for consumer electronics could divert chips to automobile production, he said.

If Toyota does not change the full-year production target in the second quarter, that means it is very confident about production in the second half of the year to hit the goal, he said.

($1 = 130.6300 yen)

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
17-08-2022 23:54:38 (UTC+7)

EUR/USD

1.0168

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (6)

EUR/USD

1.0168

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (6)

GBP/USD

1.2042

-0.0051 (-0.42%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (5)

USD/JPY

135.38

+1.16 (+0.87%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (3)

AUD/USD

0.6927

-0.0095 (-1.35%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.2914

+0.0069 (+0.54%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (2)

EUR/JPY

137.67

+1.18 (+0.86%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

EUR/CHF

0.9690

+0.0036 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,777.15

-12.55 (-0.70%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Silver Futures

19.747

-0.338 (-1.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Copper Futures

3.5873

-0.0372 (-1.03%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (4)

Crude Oil WTI Futures

87.50

+0.97 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

93.05

+0.71 (+0.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

9.290

-0.039 (-0.42%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (5)

US Coffee C Futures

218.15

-1.20 (-0.55%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

Euro Stoxx 50

3,756.06

-49.16 (-1.29%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

S&P 500

4,271.84

-33.36 (-0.77%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (4)

DAX

13,626.71

-283.41 (-2.04%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (3)

FTSE 100

7,515.75

-20.31 (-0.27%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

Hang Seng

19,922.45

+91.93 (+0.46%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (4)

US Small Cap 2000

1,982.65

-37.61 (-1.86%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

IBEX 35

8,434.80

-77.10 (-0.91%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

42.685

-2.065 (-4.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Bayer AG NA

53.37

-0.93 (-1.71%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (3)

Allianz SE VNA O.N.

177.54

-2.40 (-1.33%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Adidas AG

169.10

-4.26 (-2.46%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (8)

Deutsche Lufthansa AG

6.467

-0.280 (-4.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

108.64

-3.40 (-3.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

8.856

-0.108 (-1.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0168Neutral
 GBP/USD1.2042Sell
 USD/JPY135.38↑ Buy
 AUD/USD0.6927Sell
 USD/CAD1.2914Neutral
 EUR/JPY137.67Neutral
 EUR/CHF0.9690↑ Sell
 Gold1,777.15↑ Buy
 Silver19.747↑ Buy
 Copper3.5873Neutral
 Crude Oil WTI87.50↑ Buy
 Brent Oil93.05↑ Buy
 Natural Gas9.290Sell
 US Coffee C218.15Buy
 Euro Stoxx 503,756.06Sell
 S&P 5004,271.84Buy
 DAX13,626.71Sell
 FTSE 1007,515.75Neutral
 Hang Seng19,922.45Neutral
 Small Cap 20001,982.65↑ Sell
 IBEX 358,434.80Neutral
 BASF42.685Neutral
 Bayer53.37Neutral
 Allianz177.54Buy
 Adidas169.10↑ Sell
 Lufthansa6.467↑ Sell
 Siemens AG108.64↑ Sell
 Deutsche Bank AG8.856Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(20/ 20) # 1,674
SJC HCM6,620/ 6,720
(20/ 20) # 1,695
SJC Hanoi6,620/ 6,722
(20/ 20) # 1,697
SJC Danang6,620/ 6,722
(20/ 20) # 1,697
SJC Nhatrang6,620/ 6,722
(20/ 20) # 1,697
SJC Cantho6,620/ 6,722
(20/ 20) # 1,697
Cập nhật 17-08-2022 23:54:40
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,762.14-13.54-0.76%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$87.05-0.43-0.50%
Brent$92.57-0.17-0.19%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR23.186,9924.485,46
GBP27.597,2628.774,17
JPY169,51179,46
KRW15,4518,83
Cập nhật lúc 18:50:59 17/08/2022
Xem bảng tỷ giá hối đoái
adver main right