Toyota hikes profit forecasts on strong demand and weak yen

What happened: Toyota raised its full year net profit forecast, citing strong demand and a weak yen. Key numbers: Net profit forecast now ¥3.57 trillion, up from the August projection of ¥3.25 trillion. Why it matters: The upward revision signals the company expects demand and currency conditions to keep supporting earnings through the current year. Coverage: 3 outlets in 24h

Toyota raised its full year net profit forecast, citing strong demand and a weak yen.

The upward revision signals the company expects demand and currency conditions to keep supporting earnings through the current year.