Toyota posts first profit rise in six quarters, lifts annual outlook

By Reuters News19 hours ago Updated

TOKYO, Nov 5 (Reuters) - Toyota 7203.T on Thursday posted its first profit gain in six quarters and lifted its annual outlook by 15%, as a weaker yen and robust demand for hybrid vehicles offset a slide in sales in China and the Middle East.

The world's largest automaker now expects operating profit of 3.9 trillion yen ($24.6 billion) for the year ending March, up from its previous forecast of 3.4 trillion yen.

Operating profit for the July-September quarter jumped 34% to 1.13 trillion yen. That compares with a median forecast of 992 billion yen in a poll of nine analysts surveyed by LSEG.

($1 = 158.4300 yen)

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