Toyota lifts annual profit forecast on strong U.S. sales, soft yen

Last Updated: Tue, Feb 05, 2013 06:47 hrs

TOKYO (Reuters) - Toyota Motor Corp <7203.T> raised its annual net profit forecast by more than 10 percent to 860 billion yen on strong sales of the Camry sedan and other vehicles in its biggest market the United States, as well as the yen's drop.

The world's biggest-selling carmaker reported a 23.5 percent year-on-year rise in third quarter net profit to 99.9 billion yen, below the average estimate of 143.7 billion yen among seven analysts polled by Thomson Reuters I/B/E/S.

In 2012 Toyota sold a record 8.72 million vehicles around the world. Its group-wide sales were also a record high of 9.75 million vehicles. The Toyota group also includes Daihatsu Motor Co Ltd and Hino Motors Ltd <7205.T>.

(Reporting by Yoko Kubota; Editing by Daniel Magnowski)

More from Sify: