reuters.com

Toyota raises profit forecast and unveils $6B buyback despite disruptions

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Sig3.40Sen-0.70Env0.00Soc-0.90Gov+1.80

Toyota revised up its outlook for the year ending March to 3.4 trillion yen operating profit amid weak China sales and Iran-war pressure on Middle East demand and costs. The Iran-war hit is now expected at 510 billion yen. The upgrade excluded a deadly Kyushu earthquake that halted output at four domestic plants. Toyota plans up to 1 trillion yen of buybacks and to cancel 200 million shares.

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