Toyota said it now sees sales revenue for its fiscal year 2024 at ¥43 trillion up ¥5 trillion from its prior forecast, with operating income now rising to ¥4.5 trillion . “The forecast has been revised upward from the previous forecast in light of the impact of exchange rate fluctuations as well as efforts to improve profitability,” the company said in a statement.
Toyota did not, however, boost its global vehicle deliveries forecast, which remains at 11.38 million vehicles. While the company sees a decrease in sales due to “uncertainty” in markets such as China, the automaker sees improvements in areas like North America and other regions where a “robust market is expected” as well as in Europe where the company expects a recovery in supply.
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