Toyota Revises Profit Forecast for 2011 Q1 Upwards

Posted by Stephen On Wednesday, February 9th, 2011

After a rough 2010, Toyota is revising its expected operating profit in 2011 Q1 up from 380 billion Yen ($4.6 billion USD at current rates)  to 550 billion Yen ($6.7 billion USD), representing a 45% increase over the previous forecast.

Toyota says that this increase in expectations is the result of expected stronger sales in Asia, Japan and Russia as well as pricing revisions and the results of cost cutting measures coming through. Despite the ending of the “Eco Car” incentive scheme in Japan, it seems that the introduction of new models like the the Etios in the Indian Market.

Source: Reuters – Japanese language

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