Toyota Motor Chief Financial Officer Koji Kobayashi said Thursday that, if it weren’t for exchange-rate fluctuations, the auto maker would be projecting slightly lower operating profit for its fiscal year. Toyota Motor Chief Financial Officer Koji Kobayashi said Thursday that, if it weren’t for exchange-rate fluctuations, the auto maker would be projecting slightly lower operating profit for its fiscal year. If it weren’t for exchange-rate fluctuations, Toyota would be projecting slightly lower operating profit, said Chief Financial Officer Koji Kobayashi. “I give us an F” on that measure, Mr. Kobayashi said. The overhaul included a new CFO, Mr. Kobayashi, who came from Toyota supplier Denso Corp. and replaced a CFO who resigned after only eight months.

Source: Wall Street Journal February 06, 2018 12:57 UTC