Key facts
- Toyota Motor raised its net profit forecast for the fiscal year ending March 2027 to 3.25 trillion yen.
- The depreciation of the yen contributed to the upward revision of the profit forecast.
- Toyota reported a 75.6% increase in net profit for the first quarter.
Toyota Motor announced on Tuesday that it raised its net profit forecast for the fiscal year ending March 2027 to 3.25 trillion yen ($20.6 billion), helped by the yen's depreciation. 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.