Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both well below analyst estimates ‘Unprecedented increases’ in materials, logistics costs ‘We need to work with suppliers to cut costs’ – CFO TOKYO, May 11 (Reuters) – Toyota Motor (7203.T) warned “unprecedented” hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world’s top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry. Also reporting a 33% drop in fourth-quarter operating profit, the Japanese giant saw its shares slide more than 5% on Wednesday, before closing down more than 4% – their biggest one-day fall in […]