TOKYO -- Toyota Motor on Wednesday revised its full-year net income forecast through March to 1.9 trillion yen ($18.1 billion), up 33.8% from its last prediction in November and down 6.7% from the previous year, as the Japanese car giant expands its robust sales momentum in the wake of COVID-19 despite the industry being shaken by semiconductor shortages.
Toyota estimates sales revenue will reach 26.5 trillion yen, up 1.9% from the previous forecast, as new models launched earlier this fiscal year are boosting sales, particularly in China and the U.S.
