Toyota Motor Corporation (TMC) announces its production, domestic sales and export results, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd., for March 2012 and the year from April 1, 2011 to March 31, 2012.
Toyota is projected to report fiscal fourth-quarter net profit that surged more than fourfold from a year earlier to ¥113 billion ($1.39 billion), according to analysts’ estimates compiled by data provider FactSet
. For the current fiscal year, those analysts forecast net profit of ¥827 billion, quadruple the level projected by the company for the previous year.
The company plans to sell 835,000 units this year in Europe, even if Q1 deliveries fell 6.4 percent to 218,490 vehicles [Europe].
Analysts say this year’s recovery will help profitability rise, with an estimated operating-profit margin of 5.1% at Toyota.