Toyota updates fiscal year 2021 net profit forecast

In the statement made by the Japanese manufacturer, the course and expectations for the fiscal year that will end in March 2022 were included …

In the statement made by the Japanese manufacturer, the course and expectations for the fiscal year that will end in March 2022 were included. The forecast for fiscal 2021 net profit, previously announced as 2.3 trillion yen, has been increased to 2.49 trillion yen ($22 billion).

According to the updated forecast, fiscal year 2021 net profit will increase by 10.9 percent from the previous fiscal year 2020 net profit.

Operating profit is expected to rise 27.4 percent to 2.8 trillion yen ($24.6 billion), while sales are expected to reach 30 trillion yen ($263 billion).

first 6 months

In the April-September period, the first six months of the fiscal year, the Japanese firm increased its net profit to 1.52 trillion yen ($13.3 billion).

This net profit rate increased by 2.4 times compared to the first 6 months of the previous fiscal year.

Operating profit was recorded at 1.75 trillion yen ($15.3 billion) in the first 6 months of the fiscal year, with sales reaching 15.48 trillion yen ($136 billion).

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