TOKYO May 6 Toyota Motor Corp is
expected to post operating profit of around 1.3 trillion yen
($13.1 billion) for the year ended March, 3.7 times more than
the previous year, the Nikkei business daily reported on Monday.
That figure will be 150 billion yen more than the forecast
the automaker made in February, the Nikkei, said without citing
Toyota's annual operating profit has not exceeded 1 trillion
yen since the Lehman crisis of 2008, it said. The company posted
2.27 trillion yen operating profit for the year through March
2008, the report said.
In February, Toyota raised its net profit forecast for the
year through March by more than 10 percent to 860 billion yen on
strong U.S. sales of the Camry sedan and other vehicles.
Toyota's press office was unavailable for comment. Monday is
a public holiday in Japan.
($1 = 98.9400 Japanese yen)
(Reporting by Junko Fujita; Editing by Daniel Magnowski)