- Baccardax: The Great Gold Surge Mystery
- Boomers in Denial About Retirement Savings
- RBS Posts $2.5 Billion Operating Loss
- China Blasts US Duties Ahead of Obama's Asia Visit
- Unemployment May Crack 10%, Job Losses to Bottom
- Insider Trading Ring Acted Like Wall Street Mob
- British Airways Loss Hits Hopes of Air Traffic Rebound
- Gunman Kills 12 at US Army Base, Suspect Alive
- World Not Headed for Double-Dip: Singapore Leader
- Boomers in Denial About Retirement Savings
- S&P to Finish Above 1,100 by Year-End: Market Analyst
- Smartphone Landscape to Change Dramatically in Asia
- Hirschhorn: Steroids & Hedge Funds
- Farr: Time to Remove the Training Wheels?
- Teen Unemployment: Will Work for Jeans and T-Shirts
- Home Buyer Tax Credit Expansion Heads to Obama
- Is Oprah Ready to Go on Her OWN?
- Nov. 5: Unusual Volume Leaders
MOST SHARED
- Fourteen More Are Charged In Growing Insider-Trading Case
- Retail Sales Fall Short as Industry Preps for Holidays
- Productivity Jumps Higher as Job Losses Show Drop
- Buffett's Berkshire Hathaway May Lose Only Remaining AAA Credit Rating
- Rock Band Weezer Uses Snuggie to Promote New Album
- Obama To Sign Bill Friday Extending Homebuyers Credit
- 'DWI Chair' Up for Auction on eBay After La-Z-Boy Protests
- Gold Spells Trouble for Greenback: Charts
- Pace of Layoffs, Planned Job Cuts Both Show Decline
- Napier: The New Edge in Tech
Text Size 
Toyota Motor will post a narrower-than-expected first half operating loss, helped by government incentives to boost car sales, the Nikkei business daily reported on Thursday.
 |
Charles Rex Arbogast / AP |
The company, the world's largest automaker, is expected to post a consolidated operating loss of about 250 billion yen ($2.75 billion), an improvement from the previously projected 400 billion yen loss, Nikkei said.
Its results also have been boosted by a weaker-than-expected yen, the Nikkei said.
The Nikkei's figure is roughly in line with the market consensus for a loss of 258 billion yen, according to a poll of 4 analysts by Thomson Reuters I/B/E/S.
A Toyota spokeswoman declined to comment on the report. Toyota will announce first-half earnings on Nov. 5.
Shares of Toyota fell 1.4 percent to 3,550 yen in morning trade. The benchmark Nikkei Average was down 2.1 percent.
First-half sales are estimated at 8.3 trillion yen, down 32 percent on the year but exceeding an earlier forecast by about 500 billion yen, said the Nikkei.
Sales of new vehicles have grown in China and other parts of Asia outside Japan. However, sales plunged 20-30 percent in North America and Europe, the paper added.
Toyota is likely to pay a first-half dividend of 35 yen a share, which is equal to its year-end payout for 2008/09. It paid an interim dividend of 65 yen the previous year, said the Nikkei.
- David Pogue reviews the latest “app phone,” Motorola’s Droid. Can it dethrone Apple's popular iPhone?
- A division of Walgreens partners with major companies to offer clinics on-site.
- Ford's potentially ground breaking innovation is aimed at better protecting people in the back rows of cars.
- A Colorado sushi restaurant chain is aiming its ads at medical marijuana patients. The NYT reports.
- The Oracle of Omaha is placing his bets on these 15 stocks, the biggest holdings of Berkshire Hathaway.
- Use these three tips to boost your self presentation skills and make your interview the best it can be.
Data is a real-time snapshot *Data is delayed at least 15 minutes