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Toyota reported a ¥108 billion operating loss in April–June 2011.

The Claim

Toyota's operating profit in Q1 2011 fell by approximately 77% compared to its planned target, resulting in a ¥8,685 billion loss, following the Tohoku earthquake and tsunami.

Verified by Lenz ·

The Short Version

Every specific financial assertion in this claim is wrong. The "¥8,685 billion loss" figure is fabricated — it appears in none of Toyota's filings or any credible source. The actual operating loss in Q1 FY2012 (April–June 2011) was ¥108 billion, roughly 80 times smaller. The 77% figure found in reporting refers to a year-over-year drop in net income, not operating profit versus a planned target. The quarter designation is also incorrect under Toyota's fiscal calendar.

Caveats

  • The '¥8,685 billion loss' figure is entirely fabricated and appears in no verified source; the actual Q1 FY2012 operating loss was ¥108 billion.
  • The 77% decline cited in credible sources refers to a year-over-year drop in net income, not operating profit versus a planned target — these are fundamentally different metrics.
  • The claim mislabels the affected quarter as 'Q1 2011'; the earthquake struck during Q4 FY2011 (Jan–Mar 2011), and the operating loss quarter was Q1 FY2012 (Apr–Jun 2011).

The Receipts

  1. Impact of the Disasters and Recovery Efforts

    Toyota Global

  2. Financial Summary FY2011

    Toyota Global Investor Relations

  3. FY2011 Financial Results

    Toyota Motor Corporation

  4. Restore and Renew Our Production Structure for Further Growth

    Toyota Global

  5. 四半期報告書

    Toyota Global

  6. FEDS Notes: The Role of Global Supply Chains in the Transmission of Shocks

    Federal Reserve

  7. The Motor Vehicle Supply Chain: Effects of the Japanese Earthquake and Tsunami - EveryCRSReport.com

    EveryCRSReport.com

  8. FY2011 Financial Results - Toyota Industries

    Toyota Industries

  9. Toyota profit slides on Japan earthquake disruption - The Guardian

    The Guardian

  10. Toyota, citing lessons learned from 2011 earthquake, expects no near-term impacts from the semiconductor shortage

    Supply Chain Dive

+ 12 more sources — see the full list on Lenz

Filed Under

Tohoku earthquake and tsunamiToyota Motor Corporation