Toyota expects its net profit for the current fiscal year to decline by 15.5% year-on-year.

On the 4th, Toyota Motor Corporation of Japan raised its net profit forecast for the current fiscal year. However, the revised estimate is still lower than the previous fiscal year, and net profit is expected to decline for the third consecutive year. Toyota announced in its financial report that it anticipates a net profit of 3.25 trillion yen for the current fiscal year, a year-on-year decline of 15.5%; operating profit is forecasted to be 3.4 trillion yen, down 9.7% year-on-year.