TOKYO — Toyota Motor on Wednesday raised its forecast for net profit for the current fiscal year to an all-time high after achieving record global production and sales for the first half and amid the yen’s continuing weakness.
The company now expects record net profit of 3.95 trillion yen ($26.1 billion) for the year through March 2024, up 61.1% from the previous year. It had formerly forecast full-year net profit of 2.58 trillion yen. Operating profit is estimated to come to 4.5 trillion yen, up 65.1%, while revenue is seen at 43 trillion yen, up 15.7%.