[High-tech LED News] Toyota Synthetic, a global LED and auto component manufacturer, announced its first half of this year (April-September 2011): consolidated revenues fell 18.6% from the same period last year to 216.8 billion yen, and the combined revenue plummeted. From 98.1% to 300 million yen, the combined net profit also turned from a surplus of 9.5 billion yen in the same period last year to a loss of 1.3 billion yen.
Toyota Synthetic pointed out that if the Q3 (July-September) performance alone, the combined revenue fell 5% to 122.9 billion yen compared with the same period last year, the combined operating income declined 35% to 4.9 billion yen, and the combined net profit also declined 40%. To 2.2 billion yen.
Toyota Synthetic said that due to the decline in sales of LEDs for mobile phones, the decline in prices, and the impact of the soaring yen, the revenue of the company's optoelectronics division (including LED chips/light bulbs and other LED-related products) fell from April to September. From 7.6% to 18 billion yen, the profit plummeted 93% to 200 million yen; the revenue from the auto parts sector was also affected by the decrease in vehicle output, which was 19.5% lower than the same period last year to 194.6 billion yen, and the profit was 2.9 billion from the same period last year. The yen has plummeted to 0.11 billion yen.
Toyota Synthetic Co., Ltd. pointed out that the combined revenue, profit and net profit targets of this year (April 2011-March 2012) will maintain the original estimate of 500 billion yen (down 3.3% annually) and 20 billion yen (year will be 33.2%) and 11 billion yen (35.7% decline) remain unchanged. 
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