net profit: The world top automaker reported that group net profit rose 9.2 percent in the nine months from a year earlier to ¥1.89 trillion, and operating profit grew 9.0 percent to ¥2.31 trillion on sales of ¥21.43 trillion, up 6.5 percent and another record, according to The Japan Times. Expectations have been really high for Toyota, Koji Endo, an analyst with Advanced Research Japan, said by phone. Analysts say the results mean the auto giant is still on track to become the first Japanese company to top ¥3 trillion in annual operating profit. Even if their profit has to come down next year, their profitability will still be their second-highest anyway. Toyota revised its outlook for net profit upward for the year through March 31 to ¥2.27 trillion from an earlier estimate of ¥2.25 trillion, a 4.4 percent increase on the previous year. The U.S. market is very strong and the Chinese market seems to be recovering.
(news.financializer.com). As
reported in the news.
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