Toyota Raises Full-Year Net Profit Forecast

Tokyo, Aug. 4 (Jiji Press)--Toyota Motor Corp. on Tuesday revised up its full-year net profit forecast from 3 trillion yen to 3.25 trillion yen, reflecting the yen's further weakening, as well as progress in securing alternative export routes to the Middle East.

The revised figure is still down 15.5 pct from the previous year's result due to the fallout from tensions in the Middle East.

For fiscal 2026, which ends next March, the leading Japanese automaker also upgraded its operating profit projection from 3 trillion yen to 3.4 trillion yen, down 9.7 pct from the previous year.

The weaker yen helped improve the profit projection by 480 billion yen, and the impact of declining exports and rising material prices due to the Middle East situation was estimated to be 160 billion yen lower, at 510 billion yen.

Considering the yen's recent movements, Toyota revised its assumed foreign exchange rates to 160 yen per dollar and 181 yen per euro.

[Copyright The Jiji Press, Ltd.]