TOKYO -- Toyota Motor on Wednesday raised its annual net profit outlook to 4.52 trillion yen ($29.5 billion) for the financial year ending March 2025, 27% higher than previously forecast, helped by strong sales and the weakening yen.
The profit forecast remains 8.6% lower than last year's profit figure, dragged lower by certification irregularities earlier in the financial year. Production has since recovered and the negative effects have mostly been erased in the nine months to December, the company said.
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