Japanese automaker Toyota Motor Corp. (NYSE:TM) on Wednesday hiked its full-year operating income outlook by 400 billion yen ($2.62 billion) to 4,700 billion yen for the financial year ending March 2025.
Upbeat Forecast: The company now expects full-year sales revenue of 47,000 billion yen and a margin of 10%, up from its previous forecast of 9.3%.
The revised forecast reflects the company’s progress in strengthening earnings power and efforts to improve product competitiveness and value chain earnings, it said.
Weak Quarterly Results: The upbeat forecasts, however, follow a weak quarterly report. Toyota ...