Toyota on Wednesday boosted its full-year profit forecast by 12.4 percent while also lifting its revenue estimate, citing a weak yen and cost cuts.
The world`s biggest automaker revised up its fiscal year net profit forecast to 2.0 trillion yen ($17.5 billion) from an earlier 1.78 trillion yen, and said full-year revenue would come in at 26.5 trillion yen, from a previous 25.7 trillion yen.
The upgraded forecasts came as Toyota booked a 1.13 trillion yen net profit for the six months through September, up from 1.00 trillion yen a year ago.
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