Toyota Motor likely will agree to its labour union's request for bonus payments totaling 6.8 times monthly wages in light of the strong earnings projected for fiscal 2013, a media report said.

The Nikkei business daily noted Toyota was on track for its first record parent company-only operating profit in seven years for the 2013/4 fiscal year ending on 31 March. The bonus amount, to be decided in this spring's annual pay negotiations, is certain to exceed the JPY2.05m (US$19,992) average for last year, the paper said.

The labour union is also pushing for a JPY4,000 monthly base pay increase, the first such rise in six years. Both sides continued talks this week to agree the amount.

The automaker is expected to present its responses at a meeting on 12 March.