Friday, February 10, 2012

Is Toyota obligated to say it is losing money?

Toyota tried to down-plan it is the number one automobile company. Is Toyota just being political correct (PC) when it announced it is incurring an "operational" loss for FY08, that is, any corporate finance department can recategorize expenses to incur a book loss.Is Toyota obligated to say it is losing money?That's true. Any company can say anything they want to in public circles. But if they do, then they leave themselves open to public scrutiny of their records - their assets and holdings, including their accounts.Is Toyota obligated to say it is losing money?If they are publicly trade on a stock exchange then yes they are obligated. If they were a private company, then they don't have to reveal any data.Is Toyota obligated to say it is losing money?can't imagine how Toyota would be obligated to anyone or any situation to say any particular thing ~ except to their shareholders that is.



Not sure I understand your question, however, they are a publicly traded company and stating audited and accurate financials is a part of that journey.



they are putting big dollars into the transitional aspects of the automobile industry and have been doing so far longer than others in the mixIs Toyota obligated to say it is losing money?
Yes.

All publicly traded companies must accurately reveal their profits or losses.



This law protects investors. Otherwise everyone would lie and claim huge profits. We'd all get taken to the cleaners.



No, if their CFO lied in a stock holder report he would go to jail. That is fraud.

It has happened before.

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