TM•Toyota raised its annual operating profit forecast by 15% to 3.9 trillion yen ($24.6 billion) and reported a 34% rise in quarterly operating profit to 1.13 trillion yen.
Toyota posted its first profit gain in six quarters, with operating profit for July-September up 34% to 1.13 trillion yen. The company now expects operating profit of 3.9 trillion yen for the year ending in March, up from its previous forecast of 3.4 trillion yen. A weaker yen and robust hybrid demand offset falling sales in China and the Middle East.
