• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Toyota quadruples April-December profit

Feb 05 2013 09:17

STAYING ON TOP: Despite poor European demand and a consumer boycott in China, Toyota reports a record sales year in 2013 retaining its world's top automaker status.

Related Articles

Toyota reclaims top carmaker crown

Toyota poised for $4.3bn profit

Toyota to launch China-only brands

Toyota to recall 1.1 million cars globally

Toyota strike resolved

No need for panic - Toyota SA


Tokyo -Toyota said Tuesday that its net profit quadrupled for the nine months to December as the Japanese auto giant revised upward its full-year profit and sales forecast.

The company said it earned ¥648.2bn ($7.0bn) for the period, up from ¥162.5bn a year earlier, underscoring its recovery from 2011 when automakers were pounded by Japan's quake-tsunami disaster.

Operating income soared to ¥818.5bn from ¥117.1bn a year earlier, which "reflects our increased vehicle sales and the progress we are making with our profit improvement activities", said Toyota director and senior managing officer Takahiko Ijichi.

Sales in the period jumped 26% to ¥16.2 trillion, he said.

Toyota, Japan's biggest automaker, also upped its net profit forecast for the fiscal year through March to ¥860bn from an earlier estimate of ¥780bn.

Global vehicle sales in the year were on track to hit 8.85 million units, up from an earlier forecast of 8.75 million units, the automaker said, citing stronger overseas demand centred in the North American market.

Toyota also cited a weakening yen for its upgraded forecast.

Toyota's results come after Japan's three biggest automakers, Toyota, Nissan and Honda, last month posted record sales for 2012.

The figures confirmed that Toyota recaptured the world's biggest automaker crown from General Motors, a title it lost in 2011.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

toyota  |  car sales


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote