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Toyota expects fiscal year profit to fall 31 pct.

TOKYO (AP) - Toyota says its profit for the fiscal year through
March 2012 will fall 31 percent to 280 billion yen ($3.5 billion)
in an outlook that underlines a robust recovery in the latter half
of the fiscal year from the damage of an earthquake and tsunami.

Toyota Motor Corp. made the announcement Friday. It had not
given an earnings forecast earlier because of uncertainties in its
production outlook after the disasters on March 11 wiped out key
parts suppliers in northeastern Japan.

Last month, it said January-March quarterly profit crumpled more
than 75 percent because of the parts shortage that is hurting
production.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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