TOKYO (Reuters) – Toyota Motor Corp reported a 42% drop in first-quarter operating profit on Thursday, hurt by a global chip shortage and restrictions imposed in China to combat a resurgence of the coronavirus epidemic. coronavirus.
The group’s operating profit for its first quarter ending June 30 stood at 578.66 billion yen (4.26 billion euros), below analysts’ estimates.
Toyota, however, maintained its operating profit target of 2.4 billion yen for the current year.
(Satoshi Sugiyama report; French version Camille Raynaud)