Toyota is expected to reveal a full-year operating profit of US$4.3bn next week, some 30% more than forecast.
According to the Nikkei business daily, the jump comes on the back of strong sales and a weakening yen. Toyota had forecast in February that it would report a JPY270bn ($3.3bn) profit for the fiscal year ending 31 March.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The revised profit forecast would still mark a drop of 25% year-on-year as Toyota cut production in the wake of last year’s natural disasters in Japan and Thailand.
Toyota announces its results on 9 May.
