Toyota expects 1st operating profit fall in 9 yrs

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a press conference in Tokyo on May 8 on the automaker's business results in fiscal 2007. Toyota posted record-high sales and profits in fiscal 2007 as solid vehicle sales in emerging economies and oil-producing nations offset adverse factors. But its group operating profit is projected to fall 29.5 percent to 1.6 trillion yen in fiscal 2008, down for the first time in nine years, due chiefly to the strong yen against the dollar and other key currencies and a slump in the North American auto market. (Kyodo)

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