Toyota: First Operating Loss Since 1941

Toyota projects first operating loss since 1941, By YURI KAGEYAMA, AP Business Writer, Dec 22, 2008.

Toyota forecast an operating loss of 150 billion yen ($1.66 billion) for the fiscal year ending March 2009. Toyota has never reported an operating loss since it began disclosing such figures in 1941. But it did have an operating loss in unofficial, internal calculations for the year ending March 1938 a year after the company was founded.

Operating income reflects a company’s core business performance and does not include income taxes and certain other expenses. Last fiscal year, Toyota had an operating profit of 2.27 trillion yen.