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Toyota lifts full-year profit forecast on weaker yen

Reuters  |  TOKYO 

TOKYO (Reuters) - Toyota Motor Corp on Tuesday raised its forecast for full-year operating profit by 4.3 percent as it expects a boost from a weaker yen, after ongoing sales growth in Asia and Europe lifted profit in the July-September quarter.Japan's top automaker expects full-year profit to come in at 2.4 trillion yen ($21.18 billion), from a previous forecast of 2.3 trillion yen, based on a revised assumption that the yen will average around 110 yen to the U.S. dollar through March.The increase represents largely flat profit in the year to March versus last year.Profit was 579.1 billion ...

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First Published: Tue, November 06 2018. 11:01 IST