Tag Archives: Toyota

Topix

Topix Trims Gains Ahead of U.S. Data

After yesterday’s gains, Japan’s Topix index dropped, as profit forecasts disappointed investors before U.S. growth and data that are expected to provide clues about when the Federal Reserve will start reducing stimulus.

Toyota Motor Corp. (7203), the world’s biggest car manufacturer, fell 1.3 percent as its net-income projection did not correspond to estimates. Casio Computer Co., the watch and calculator maker, lost 2.9 percent after increasing its profit outlook less than analysts anticipated. Toray Industries Inc., the producer of carbon fibre used in Boeing Co.’s 787 Dreamliner, gained 5.7 percent after profit surged.

The Topix slid 0.6 percent to 1,184.73 at the close in Tokyo. All but four of the 33 industry groups fell, with volume 11 percent below the 30-day average. The Nikkei 225 Stock Average dropped 0.8 percent to 14,228.44. The U.S. releases gross domestic product data today and employment figures tomorrow.

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Land Of The Rising Cars

The Land Of The Rising Cars

According to a report by Bloomberg today, Toyota Motor Corp. overtook General Motors and Volkswagen last year in global sales after the massive Tsunami and earthquakes that shook Japan. Moreover, the car manufacturer managed to regain its position regardless of record recalls.
In 2012 Toyota’s sales rose 23 percent to 9.75 million cars according to a statement released by Toyota.

In the coming months the automaker will present a refurbished Corolla, its second-most popular car in the U.S. last year. The company will also work with Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, to produce a midsize sports car and set up partnerships to create fuel-cell systems, lightweight materials and lithium-air batteries, the companies said Jan. 24, according to Bloomberg.

Investor attitudes toward Toyota have become better since yen dropped against all major currencies last month.

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Toyota Shares After the Tsunami

Toyota’s Back From The Tsunami

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After the horrific tsunami that left thousands dead, Japan’s flagship car maker Toyota is bouncing back and looks to take back the title of world’s biggest auto-maker from its American rival, GM.
Toyota shares on Tuesday jumped to their highest level this year, largely boosted by news reports that the company was poised to lead the car manufacturer’s pack this year.

According to AFP, the company’s shares were up 1.93 percent at 3,690 yen by the morning break in Tokyo, passing a previous year high of 3,660 yen.

Japan has been the focus of world’s attention in the past few weeks, after Shinzo Abe’s Liberal Party, won a landslide in the Japanese parliamentary election. The financial markets reacted to Abe’s victory with contradictory tones: the yen weakened to 20-month low while the Nikkei index rose.

Abe said he will take action to enhance the world’s third largest economy, which has been struggling with years of poor growth.

If the direction of Toyota is any indication, Japan’s economy seems to be sailing towards better times. While financial markets are largely unpredictable, the purest form of unpredictability is still Mother Nature which will ultimately make or break the seemingly tranquil island’s economy.

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