Toyota Motors witnesses 52 percent loss in Q4

As an aftermath of Japan’s biggest quake on record, world’s largest automobile manufacturer by sales and production Toyota Motor Corporation posted a steep downfall of 52 percent in quarterly profit.Furthermore, Toyota Motors gave no annual earnings forecast as the company is still recovering from the production issues like shortage of parts, power failure and risk of aftershocks.

Toyota’s president, Akio Toyoda said that their company is going to acquire full production capacity by November or December from less than half of planned volumes now, but no specific deadline was provided.

He also said that the concerns for managing the supply chain are on top priority and even after the problems of power supply and risk of aftershocks' are still high, the company is to stay in Japan and will provide jobs of workers.

As per reliable sources, Toyota announced that its profit figures experienced a decrement of 52 percent and stuck at 46.1 billion yen ($570 million), in comparison with the average approximation of 94.6 billion yen from 17 analysts. It was said that analysts revised the profit figures after the quake.Also the Fourth-quarter net profit of Toyota Motors falls up to 77 percent to 25.4 billion yen which includes the company’s earning in China.

Needless to say, the 11th March earthquake left various automobile companies in crisis management mode. And among Japan's top carmakers, Toyota is most trusted company as it manufactures 38 percent of its cars at home in comparison with 25 percent of Honda Motor and Nissan Motor