Toyota Motor Corp. trimmed its full-year loss forecasts Tuesday for the current business year because domestic sales began to pick up on booming demand for the Prius on the back of government stimulus measures for fuel-efficient cars.
But in contrast with Honda Motor Co. and Nissan Motor Co., Toyota in April-June stayed in the red for the third consecutive quarter with a group operating loss of ¥194.86 billion as demand continued to fall sharply in overseas markets.
For all of fiscal 2009 through next March, Toyota now anticipates an operating loss of ¥750 billion on sales of ¥16.8 trillion. It had earlier projected an operating loss of ¥850 billion on sales of ¥16.5 trillion.