Toyota Motor Corp. posts a ¥437 billion ($4.4 billion) loss for the 2009 fiscal year ended March 31, down ¥2.15 trillion ($21.7 billion) from year-ago’s net profit of ¥1.72 trillion ($17.4 billion). Operating income fell for the first time ever, to -¥461 billion ($4.7 billion) from ¥2.27 trillion ($22.9 billion) in fiscal 2008, worse than analysts’ and the auto maker’s expectations. Net revenue tumbled 21.9% to ¥20.53 trillion ($207 billion). “Both revenues and profits declined severely ...
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