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Toyota's FY'08 operating profit seen falling-report

Tue Oct 7, 2008 3:50pm EDT

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NEW YORK, Oct 7 (Reuters) - Toyota Motor Corp's (7203.T) consolidated operating profit for the year ending March 31 is expected to fall around 40 percent to about 1.3 trillion yen as demand for autos declines, according to a report by Nikkei Business News.

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The report on Nikkei's website said that due to deteriorating market conditions, Toyota may be unable to achieve its global sales target of 9.5 million units this year and could see sales fall short of its current 25 trillion yen projection, which already represents a 5 percent decline on the year. The report was not sourced. (Editing by Brad Dorfman

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