Toyota Has Widest Income Gap Between Guidance, Market Projection
- Topix Index’s top 10 non-financial companies show disparity
- Automotive sector benefiting from weaker yen, lower costs
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Toyota Motor Corp. has the biggest disparity between corporate guidance and analysts’ average projection for fiscal full-year net income among the Topix Index’s top non-financial companies, reflecting robust expectations on the back of a weak yen for the carmaker, data compiled by Bloomberg shows.
All of the top 10 companies in the list with a market value of ¥500 billion ($3.3 billion) or more show higher market predictions for income for the fiscal period ending in March, according to the analysis, which is based on post-earnings projections by 10 or more analysts as of Nov. 22.