Toyota Motor Corp. may see its operating profit reduced by about 30 billion yen ($277 million) for the current quarter after a series of earthquakes struck southern Japan and disrupted parts supplies to the world's largest automaker, an industry analyst said today. Toyota's loss of production may reach 56,000 vehicles for Toyota and Lexus and 7,500 units for minicar maker Daihatsu Motor Co., Koichi Sugimoto, a Tokyo-based analyst at Mitsubishi UFJ Morgan Stanley wrote in a report. The 30 billion-yen estimated impact to operating profit may linger into the second quarter through September, he said.
Read Article