TOKYO -- Market analysts expect Toyota Motor and other automakers to outperform their fiscal 2024 forecasts by some of the largest margins among Japanese corporations despite struggling in the first half, a Nikkei analysis shows, with a weak yen seen lifting their full-year profits.
Toyota predicts that net profit will drop 28% to 3.57 trillion yen ($23.8 billion) for the year ending March 2025. But analysts forecast a decrease of roughly 18% to 4.08 trillion yen -- the largest gap among some 400 companies at 508.9 billion yen, according to QUICK Consensus data as of Monday.
.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
