Tokyo, Nov 5, 2026 (AFP) - Toyota hikes profit forecasts on strong demand, weak yen

NAMPA / AFP
2026-11-05
Japanese car giant Toyota raised its full-year profit forecasts on Thursday on the back of strong demand for hybrid vehicles and the weak yen, despite fierce competition from Chinese rivals. For the current year to March 31, 2027, the firm said it expected net profit of 3.57 trillion yen ($22.6 billion), up from its previous projection in August of 3.25 trillion yen. However the forecast still foresees a year-on-year decline in profit of 7.2 perc......
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