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Toyota ups operating profit outlook to 2.2 tln yen for FY 2013
Last Updated: 2013-11-06 16:04 | Xinhua
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The Japanese automaker Toyota Motor Corp. on Wednesday raised its operating profit outlook for the current business year through March to 2.2 trillion yen (about $22. 32 billion), exceeding the 2-trillion-yen threshold for the first time in six years.

The auto giant expected earlier to project the operating profit at 1.94 trillion yen (about $19.69 billion) for the fiscal year and the new projection was aided by a weaker yen that boosts profits overseas.

The upward revision shows that the company's operating profit is almost recovering to a record-high level of 2.27 trillion yen ( $23.03 billion) marked in fiscal 2007 before the Lehman Shock financial crisis in 2008, according to local media.

Meanwhile, Toyota also raised its outlook of net profit in the current fiscal year to 1.67 trillion yen (about $16.95 billion) and group sales projection to 25 trillion yen ($253.68 billion) in the fiscal year of 2013, according to Japan's Kyodo News.

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