IT House May 12 news, according to the Wall Street Journal, on Wednesday local time, Toyota said,Q4 2021 net profit down 31% YoYwhich is expected to fall in profit in the new fiscal year due to higher costs.
Toyota noted that as of March 31, 2021Fourth-quarter net profit fell to 533.8 billion yen(about 27.651 billion RMB). The data exceeded analysts’ expectations.
also,Toyota’s fiscal fourth-quarter revenue up 5.5% year over yearreaching 8.112 trillion yen (about 420.202 billion yuan).
IT House understands that reports say that Toyota, like many other automakers, hasIt is grappling with chip shortages and rising material costs caused by supply chain disruptions.
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