as mentioned in The results come as Toyota braces for profit to tumble from last year's record 2.31 trillion yen. "We've revised our full-year yen forecast to 107 yen to the U.S. dollar from 103 yen, which is the biggest contributing factor to our profit forecast revision," Managing Officer Tetsuya Otake told reporters. For the three months ended Dec. 31, however, a stronger yen knocked 770 billion yen off earnings. US IMPORTSThe rosier profit outlook comes as Toyota expects to sell slightly more cars globally than previously forecast. It also sees operating profit of 1.85 trillion yen, 8.8 percent more than forecast in November.
as mentioned in
Toyota raises profit outlook, says will keep producing at home
The results come as Toyota braces for profit to tumble from last year's record 2.31 trillion yen. For the three months ended Dec. 31, however, a stronger yen knocked 770 billion yen off earnings. US IMPORTSThe rosier profit outlook comes as Toyota expects to sell slightly more cars globally than previously forecast. "We've revised our full-year yen forecast to 107 yen to the U.S. dollar from 103 yen, which is the biggest contributing factor to our profit forecast revision," Managing Officer Tetsuya Otake told reporters. It also sees operating profit of 1.85 trillion yen, 8.8 percent more than forecast in November.
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