Toyota Motor Corp. (7203)’s investments in long-term securities increased by 840.4 billion yen ($8.3 billion) over a three-month period, while short-term holdings shrank.
Long-term marketable and other securities holdings climbed to 6.98 trillion yen as Dec. 31, expanding 14 percent since the end of September, according to earnings figures released by the company today. By contrast, short-term holdings of securities fell to 1.52 trillion yen from 2.01 trillion yen within the three-month span.
Cash and equivalents increased to 1.84 trillion yen as of the end of 2013 as earnings surged. The world’s largest carmaker today raised its full-year profit forecast to a record 1.9 trillion yen as the weaker yen boosts earnings from Prius and Lexus vehicles exported out of Japan.
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