Toyota Motor closed the third quarter of 2011 with an operating profit – generated by its core activities – of 149,7 billion yen, 51,1% higher than in the same period of 2010 and higher than analysts' expectations (consensus at 93,9 billion).
The Japanese company has raised its operating income estimates for full-year 2011 at 270 billion yen, compared to the previous indication of 200 billion. It is also expected a annual net profit, which includes profits made in China, of 200 billion yen, up from the 180 billion announced in December.
The 12-month figure is lower than the Thomson Reuters I/B/E/S consensus (331 billion yen). “The market – he says Toshiyuki Kanayama, analyst at Monex Securities – however, he is above all interested in the next fiscal year. The key factor for Toyota's stock will be whether 2012 profit rises to around 800 billion yen”.
