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Toyota at 2 trillion: Still room to grow

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Nobuyori Kodaira, Toyota's executive vice president, meets the press Nov. 5 in Tokyo.   © Kyodo

NAGOYA -- Toyota Motor expects to reap a net profit of 2 trillion yen ($17.3 billion) for the year ending March 2015, a first for a publicly traded Japanese company.

     The automaker on Nov. 5 upgraded its earnings forecasts for the full year. It released results for the April-September half at the same time. The company had previously projected a 2% decline in net profit to 1.78 trillion yen for the fiscal year, but now anticipates a 10% increase.

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