Sunday , May 22 2022

Toyota has gained significant, the company has improved its annual forecast


Figure illustration Photo: TASR

Toyota, the automaker of Toyota, improved its profits throughout the year after gaining strong growth in the first half of this year. It has been helped by continuing sales growth and reducing costs simultaneously.

The company said net profit for the six-month period to the end of September was 1.24 trillion yen (9.63 billion euros). Compared to this year, this means growth of 16%. This exceeded the expectations of analysts who calculated 10% of profit growth.

Sales grew 3.4 percent to 14.7 trillion yen. She emphasized continued growth in car sales in all major markets, Asia, North America and Europe.

Profit results, however, have also greatly encouraged cost reduction. "Toyota also has solid results for the first months of the current business year," said TIW Sato Takad, a Japanese consulting firm for AFP.

The Company improved its profit forecast for the entire business year, which ended in March. Net profit is estimated at 2.3 billion yen, while the profit is 2.12 billion yen. On the other hand, even if Toyota has filled the new forecast, it will still have a weaker profit than the previous year Business, which reached a record 2.49 trillion yen.

Nervousness also raises uncertainty about the possible introduction of US import tariffs on cars, which Washington has so far rejected but may change later. "The risk of applying additional import duties on Japanese cars at the moment is not a threat, but it will not be so, it will depend on the outcome negotiations on trade between the United States and Japan" He added.

(1 EUR = 128.81 JPY)

Source:, news portal of TASR

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