All
 

 

Just in:  

You are here: Home»Business»Industries & Sectors»Toyota quadruples April-December profit, ups forecast

toyota-motor 400TOKYO: Toyota said Tuesday that its net profit quadrupled for the nine months to December as the Japanese auto giant revised upward its full-year profit and sales forecast.

 

The company said it earned 648.2 billion yen ($7.0 billion) for the period, up from 162.5 billion yen a year earlier, underscoring its recovery from 2011 when automakers were pounded by Japan's quake-tsunami disaster.

 

Operating income soared to 818.5 billion yen from 117.1 billion yen a year earlier, which "reflects our increased vehicle sales and the progress we are making with our profit improvement activities", said Toyota Senior Managing Officer Takahiko Ijichi.

 

Sales in the period jumped 26 percent to 16.2 trillion yen, it said.

 

Toyota, Japan's biggest automaker, also upped its net profit forecast for the fiscal year through March to 860 billion yen from an earlier estimate of 780 billion yen.

 

Global vehicle sales in the year were on track to hit 8.85 million units, up from an earlier forecast of 8.75 million units, the automaker said, citing stronger overseas demand centred in the North American market.

 

Toyota also cited a weakening yen for its upgraded forecast.

 

Toyota's results come after Japan's three biggest automakers -- Toyota, Nissan and Honda -- last month posted record sales for 2012.

 

The figures confirmed that Toyota recaptured the world's biggest automaker crown from General Motors, a title it lost in 2011.

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln