Net loss

Japanese Toyota Motor Corp., the world's largest Automobile Group, for 3 months ended 30 June 2009 was lower than forecast, the publication reported MarketWatch.

Toyota has improved the outlook for the current fiscal year as government measures to stimulate the economy to restore the demand for its key markets - the U.S., Germany, Japan and China. The company expects that the annual net loss will reach 450 billion yen ($ 4.7 billion) previously forecast a loss of 550 billion yen.

forecast operating losses for fingod improved to 750 billion yen from 850 billion yen.

Net loss in the April-June amounted to 77.8 billion yen ($ 818 million), compared with net profit of 353.7 billion yen for the same period last fiscal year. Analysts predicted a net loss of $ 210.4 billion yen.

By the end of the current fiscal year (March 31, 2010) Toyota will introduce 4 new hybrid models in Japan and 3 outside the country. On July 24 the number of pre-orders for new models of Toyota Prius was 245 thousand, which is significantlyhigher than the company plans to implement: Toyota expects to sell 10 thousand such vehicles a month.

Toyota is going to reduce costs by 800 billion yen in the current fiscal year to offset the decline in demand for vehicles around the world.

Toyota Shares

cheaper at 1.5% for the bid on Tuesday. The financial statements were issued after the closing of the Exchange.