Key facts
- Toyota Motor has raised its net profit forecast for the fiscal year ending March 2027 to 3.25 trillion yen.
- The weak yen has contributed to the upward revision of the profit forecast.
- The automaker reported a 75.6% increase in net profit for the first quarter.
Toyota Motor announced on Tuesday that it has revised its net profit forecast for the fiscal year ending March 2027 upward to 3.25 trillion yen ($20.6 billion). The company cited the yen's depreciation as a contributing factor to this revision. In its first quarter, Toyota's net profit rose by 75.6%, surpassing market consensus.