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Toyota Motor Corp today said it expects net profit of 1.37 trillion yen ($ 13.8 billion) for the current financial year on the depreciation of the Japanese currency and robust US sales.
Toyota also predicted an operating profit of 1.8 trillion yen and sales of 23.5 trillion yen.
Net profit in the financial year that ended March 31 more than tripled to 962.2 billion yen, Toyota said.
The car maker also posted an operating profit of 1.32 trillion yen for the year while sales jumped 18.7 per cent to 22.06 trillion yen.
Toyota logged net profit of 314 billion yen in the January-to-March period, compared with 121 billion yen in the same quarter last year.
Operating profit more than doubled from a year earlier to 502.4 billion yen for the first quarter of 2013, while sales climbed 2.3 per cent to 5.83 trillion yen.
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