(AGI) - Nagoya, 22 Dec. - Japanese giant Toyota, world leader in the car industry, issued a profit warning for this financial year which ends on March 31. For the first time in 71 years the group expects an operational loss. Toyota announces it expects a financial year in the red for 150 billion yen (1.7 billion dollars). "We are dealing with an unprecedented emergency" said chairman Katsuaki Watanabe. For the running year Toyota expects a net profit of 50 billion yen, a sharp drop from the previously announced 550 billion yen. Operational profit of Toyota last year was 2,2700 billion yen.