Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 February 4, 2016 - 4:24 PM EST
Print Email Article Font Down Font Up
UPDATE1: Toyota logs record profits for April-Dec., ups full-year outlook

Toyota Motor Corp. said Friday it booked record-high profits for the April-December period, raising its full-year forecast, helped by strong sales in

North America

The world's top automaker reported its group net profit rose 9.2 percent in the nine months from a year earlier to 1.89 trillion yen ($16 billion) and operating profit grew 9.0 percent to 2.31 trillion yen on sales of 21.43 trillion yen, up 6.5 percent and also the biggest on record.

Toyota revised upward its net profit outlook for the year through March 31 to 2.27 trillion yen from an earlier estimate of 2.25 trillion yen. The new forecast represents a 4.4 percent increase from the previous year.

It maintained the outlook for fiscal 2015 operating profit and sales unchanged, respectively, at 2.8 trillion yen, up 1.8 percent, and 27.5 trillion yen, up 1.0 percent.

The figures do not reflect the impact from the recent suspension of assembly plants in

due to an explosion at a steel plant in Aichi Prefecture, central

Toyota sold 6.49 million cars globally in the nine months through December.

Vehicle sales in

North America
gained amid cheaper gasoline prices following the plummet in crude oil prices. But sales in
, including
, decreased.

Toyota expects to sell 10.05 million vehicles worldwide for fiscal 2015, up from 10 million projected in November.


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

Source: News (February 4, 2016 - 4:24 PM EST)

News by QuoteMedia