Toyota said it will implement a ¥1 tln buyback (≈$63bn) and raised its
fiscal-year operating profit forecast to March to ¥3.4 tln, up more than 10%
from prior guidance but below analysts’ average estimate of ¥3.9 tln. The
The company also raised sales guidance to ¥54 tln from ¥51 tln. Shares initially
fell then were 1.4% lower in Tokyo afternoon trade. Toyota cited continued
strong US demand for hybrid vehicles and a weaker yen in 1H, which helped offset
surging raw-material costs and supply disruptions linked to the Iran conflict.
