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.
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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.
