Toyota Cruising To $76 With Asian Sales

In the third quarter of 2011, Toyota continued to suffer from reduced vehicle sales in Japan and North America, which was partially offset by increasing sales in Asia and Europe.

Even though Toyota implemented cost-cutting programs as its business environment remained weak, the savings could only partially offset the loss of revenue through decreased sales. Even though we expect that Toyota’s sales in Japan and North America will remain under pressure in the near term, incremental increases in sales in these markets and continued growth in Asia as well as cost saving efforts will support growth in Toyota’s profits in medium-term.