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Toyota increased its earnings forecast this year. After sales, the main market is stronger than expected | RYT9

Toyota Motor Corp., a major Japanese automaker, today revealed that Net profit during April – September It fell 45.3 percent year-on-year to 6.2937 billion yen, the first year-on-year decline in four years.

As for operating profit during Apr.-Sep. Slump fell 62.8% to 5.1998 trillion yen and sales fell 25.9% to 11.38 trillion yen.

However, Toyota has raised its earnings forecast for the fiscal year 2020, which ended in March. 2021 to 1.42 trillion yen (14 billion) after sales in major markets. Recovered stronger than expected

The latest earnings forecast is down 30.3% from 2019, but better than Toyota previously expected. Net profit will decline 64.1% to 7.30 billion yen.

In addition, Toyota expects that Sales for fiscal 2020 will be 26 trillion yen, down 12.9 percent but better than previously forecast of 24 trillion yen, and operating profit is expected to drop 45.8 percent to 1.3 million. Million yen, but better than previously projected at 500 billion yen.


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