The world's top-selling automaker reported a record operating profit of 1.44 trillion yen ($9.5 billion) in the three months to end-September, a 155.6% increase from a year earlier.
It lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates.
Toyota expects the weaker yen to account for 1.18 trillion yen of the revision to the full-year profit.
The new projection compared to analysts' average forecast of 4.0 trillion yen.
Toyota assumed an average rate of 141 yen per dollar in its calculations for the 2023/24 financial year compared to 125 yen previously.
Persons:
Issei Kato, Yoichi Miyazaki, Daniel Leussink, David Dolan, Muralikumar
Organizations:
Toyota, Japan, REUTERS, Nissan, Honda, EVs, Nikkei, Thomson
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Tokyo, Japan, TOKYO, United States, Asia, China, Southeast, Thailand, North Carolina