On Thursday, shares of Toyota Motor Corp. recorded a drop of over 4%, mainly on the back of a hoard of safety issues that have been discovered with the company's cars, and as traders prepped themselves for the automobiles manufacturer's latest financial results, in addition to a statement addressing all concerns about the Prius hybrid.

The stock price of the company has plunged by over 12% in Tokyo for a year till date. BY the time Thursday afternoon rolled in, Toyota's shares were down 4.1% to 3,260 Yen.

"For Toyota, earnings will take a clear backseat. The accelerator recall and now the brake problems with the Prius have cast a dark shadow over the stock", said Brett McGonegal, Managing Director at Cantor Fitzgerald.

The earnings report by Toyota is expected to come in immediately after the market closes at 3 PM, local time. On the other hand, a separate statement on the recently reported concerns and complaints about the Prius' braking system is scheduled to be released about half an hour later.