Weaker Dollar Causes Toyota&#39;s Profit to Slip
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Profit at the Toyota Motor Corporation slipped 1.5 percent in the most recent quarter as damage from a falling dollar offset strong increases in sales around the world.
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Japan's Nikkei share average slipped 0.55  percent in early trade on Monday after a weak U.S. jobs report  pushed the dollar down against the yen, hurting the shares of  Japanese exporters.
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The dollar slipped close to its lowest level of the year Thursday in Tokyo, entering 103 yen territory as market players dumped the currency in the belief that the United States tacitly approves of its weakening.
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The number 1 U.S. automaker slides as investors anticipate December sales results to be weak.
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Volkswagen AG's profit fell 31 percent in 2004 as the German automaker fought headwinds from the weak dollar in the U.S. market and sluggish consumer spending at home.
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Honda Motor Co. posted a 6.9 percent fall  in quarterly operating profit on Friday as a weaker dollar ate  into U.S.-based earnings and it sold fewer cars than expected  in its home market, but it lifted its full-year forecasts on  strong European and Asian sales.
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The investment firm posts a strong profit report, but shares slid.
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Toyota Motor Corp. reported a slight dip in earnings in the second fiscal quarter but marked a record profit for the first fiscal half Monday as sales growth in North America, Europe and Japan offset losses from an unfavourable exchange rate.
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The dollar weakened across the board  on Friday, weighed down by profit-taking after a week of gains  and a softer-than-expected U.S. consumer confidence report.
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Tokyo stocks slipped on Thursday as  exporters such as Sony Corp. and Honda Motor Co. Ltd. succumbed  to the weakness of the dollar against the yen and gave up some  of their gains of the previous three sessions.
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as earnings at its truck making unit fell and a stronger yen cut the value of its overseas sales.
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Tokyo&#39;s Nikkei average slipped 0.85 percent to finish at a three-week closing low on Thursday as a fall in the dollar further weakened investors&#39; confidence in company earnings, prompting selling of exporters such as Honda Motor.
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Tokyo's Nikkei average lost 0.85 percent  to a three-week closing low on Thursday as a fall in the dollar  further weakened investor confidence in company earnings,  driving exporters such as Honda Motor Co. down.
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The dollar slipped against the yen on  Wednesday on a round of selling by Japanese exporters, but it  found support from intervention worries and caution ahead of  U.S. non-farm payrolls data due later in the week.
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The dollar finished lower versus major  currencies on Tuesday after weaker-than-expected U.S. consumer  confidence and regional manufacturing reports opened the door  to some profit-taking.
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Toyotaâs profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.
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TOKYO -- Toyota, hot on the heels of General Motors to become the world's No. 1 automaker, reported a 7.3 percent jump in quarterly profit Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan.