Toyota raises full-year profit forecast to record $18 bn

Toyota raises full-year profit forecast to record $18 bn
Updated on

Summary Toyota said sales would come in at 27 trillion yen, up from an earlier 26.5 trillion yen forecast.

TOKYO (AFP) - Toyota on Wednesday lifted its earnings forecast for the year to March, saying it expects to book a record $18.1 billion annual net profit as it pointed to the impact of a weak yen and cost cuts.

The revision marked the second upgrade for the fiscal year as Toyota, the world s biggest automaker, also said sales would come in at 27 trillion yen, up from an earlier 26.5 trillion yen forecast.