Toyota Profits, Full-Year Forecast Highlight Rebound

New York Times - February 5, 2013

Lift­ed by strong sales in the Unit­ed States and a weak­er yen, Toy­ota Motor raised its prof­it fore­cast for the full finan­cial year.

Get the facts and fig­ures for the quar­ter and full-year pro­jec­tion.

Lift­ed by strong sales in the Unit­ed States and a weak­er yen, Toy­ota Motor raised its prof­it fore­cast for the full finan­cial year by 10 per­cent to ¥860 bil­lion on Tues­day as the com­pa­ny, the world’s largest automak­er, charts a return to prof­it lev­els it has not seen in years.

Toy­ota said net prof­it had come to ¥99.9 bil­lion, or $1.1 bil­lion, in the three months through Decem­ber, a 23.5 per­cent increase from the same peri­od a year ear­li­er, when the effects of the Japan­ese tsuna­mi still weighed on its busi­ness.

Sales for the quar­ter climbed 26 per­cent from a year ear­li­er to ¥16.2 tril­lion, helped by a surge of almost 50 per­cent in sales of the company’s fuel-effi­cient vehi­cles in the Unit­ed States.

 



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