9 Feb 2012

Toyota says recovery on track after Japanese tsunami

4:26 am on 9 February 2012

Toyota, has increased its full-year profit forecast, saying its recovery is on track following the devastating Japanese tsunami, Thai floods and the strong yen.

The carmaker made an 81 billion yen profit between October and December, a fall of 13.5%.

But it raised its annual profit forecast to 200 billion yen, from 180 billion yen, as it continues efforts to cut costs.