Toyota Motor posts annual loss, forecast operating loss of 850 billion yen for FY2010

Japan's Toyota Motor Corp (TMC), the world's largest automaker, announced its worst annual loss of 436.9 billion yen ( $4.4-billion) for the fiscal year ended 31 March 2009 and forecast further losses this year on account of declining sales in the wake of the global economic downturn.

In its 72-year history, the company has reported an annual net loss for the second time after 1963 against a record profit of 1.72 trillion yen last year.

TMC's revenue slipped to 20.53 trillion yen, decrease of 21.9 percent compared to the last fiscal year revenue of 26.29 trillion yen.

TMC's operating income decreased from 2.27 trillion yen to a loss of 461 billion yen, and income before income taxes, minority interest and equity in earnings of affiliated companies was a loss of 560.4 billion yen.

TTMC's global sales fell 15 per cent to 7.57 million vehicles over the year, with sales in the domestic market dropped by 243,000 units to 1.95 million vehicles.

TMC also announced a cash dividend for the full fiscal year of 100 yen per share, a decrease of 40 yen over the last fiscal year.