Toyota Motor Corp envisions global sales of 7.410 million units until March 31st, higher than the estimated December number of 7.380 million.
Toyota, which is the first automaker in Japan, expects profit from its core operations $3.5 billion, meaning a 42% drop from 2011.
“The market is looking at the next financial year. The key for Toyota shares will be whether profit (next year) will rise to around 800 billion yen,” declared Toshiyuki Kanayama, senior market analyst at Monex Securities, considering that the revised profit guidance was a little disappointing.
Toyota has a market value of $135 billion, including the earnings made in China, which is more than Honda’s, Nissan’s and Suzuki’s put together. GM and VW managed to overpass the Toyota’s 2011 vehicle sales due to the Thailand floods that caused a 240,000 vehicle lost production.
The estimated sales for the entire 2012 are 9.58 million units, and it includes subsidiaries Hino Motors Ltd. and Daihatsu Motor Co.
“It’s premature to talk about any (sales) trends by looking only at our performance from last year when we had all those natural disasters,” Toyota President Akio Toyoda told reporters last week.
“I would want Toyota to be measured on how we do this year, provided it’s a peaceful one.”