Toyota Boosts Outlook as Half-Year Profit Soars | The IndustryWeek 1000…

4 Мар 2015 | Author: | No comments yet »
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Toyota Boosts Outlook as Profit Soars

TOKYO Toyota said Wednesday its half-year net profit soared while it raised its annual forecast as a weak yen and improving in North America boosted its line.

The world’s biggest said it earned 1 trillion yen billion) on revenue of 12.53 yen, up 14.9% year-on-year.

The of the Camry sedan and Prius also raised its fiscal to March profit forecast to trillion yen, up from trillion yen previously.

Toyota (IW 1000/8) has ramped up its bid to tap markets while key U.S. has also been on the upswing, the firm book ever-increasing

The automaker tripled its net profit in the fiscal year with a in the yen helping Japanese manufacturers’ line by making them competitive overseas and inflating foreign earnings.

Toyota that cost cuts and the currency helped boost its as global unit sales about 1% to 4.46 million

In addition to the impact of the weaker operating income increased due to our with our suppliers and distributors for improvement through cost and marketing activities, such as of the model mix, Toyota President Nobuyori Kodaira in a statement.

The company added it still expects to sell 9.1 vehicles in the year to March

Toyota was the last of Japan’s automakers to report its financial in the latest earnings season.

Weaker Yen Also Helped

Honda (IW 1000/29) earlier net profit soared nearly 47% in the months to September as Japan’s carmaker also benefited a weaker yen and stronger North sales — while rivals Suzuki and Mitsubishi also reported upbeat

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However, Nissan shares more than 10% Tuesday the Japan’s No. 2 carmaker slashed its profit forecast, blaming a European market and expensive recalls.

Nissan said sales to which accounts for about of its sales, also fell in the of a Tokyo-Beijing territorial spat sparked a damaging consumer of Japanese brands in the world’s vehicle market.

Toyota did not address China in its statement

However, Japanese automakers’ in the country were dented in the of the diplomatic row, which again last year Tokyo nationalized part of a East China Sea archipelago, claimed by Beijing, setting off across China and the damaging

Despite the China troubles, industry has benefited from the and easy-money policies of Prime Shinzo Abe, with monetary easing measures the premier’s hand-picked team at the of Japan helping push the yen.

The nation’s manufacturers are a pickup in domestic demand of a sales tax hike next

Copyright Agence France-Presse,

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