Daily Management Review

Toyota Rides Ahead Of Analysts’ Profit Growth Estimates For Q1


A nineteen percent of rise in the Toyota’s first quarter profit has been announced.

On Friday, August 03, 2018, the Toyota Motor Corp reported a 19% increment in the “first-quarter profit”, whereby leaving behind estimates it rode ahead on the sales growth seen in Asia coupled with “cost reductions in that region and at home”.
The operating profit of Toyota, the largest auto manufacturer of Japan, for “April-June” was at “682.6 billion yen” which is equivalent of “(£4.69 billion”, while the respective figures from the previous year was at “574.3 billion yen”.
The result was compared with an average of estimate figures of “638.74 billion yen”, given by seven analysts and were “compiled by Thomson Reuters”. However, Reuters reported that:
“Toyota maintained its forecast for full-year profit to slip 4.2 percent to 2.3 trillion yen, as it anticipates a stronger yen will offset benefits of cost cuts and record-high global vehicle sales”.