Toyota Seen Earning Record Half-Year Profit on Abenomics Lift
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Toyota Motor Corp., the world’s largest automaker, will probably deliver record semiannual profit when it reports earnings tomorrow, as the weaker yen bolsters the value of Japanese cars sold overseas.
Net income in the fiscal first half ended Sept. 30 climbed 74 percent to 955.3 billion yen ($9.7 billion), according to the average of five analyst estimates compiled by Bloomberg. For the quarter, profit probably jumped to 444.7 billion yen, more than the combined earnings at General Motors Co. and Volkswagen AG.