Vladimír Urbánek (Kurzy.cz)
World markets  |  February 06, 2013 16:15:46

Toyota and Mazda significantly raise the prospects of profits - it helps a debilitating


Japan's Toyota, which is one of the leading automakers Svatovo and is Japan's largest car manufacturer, today announced it is increasing its estimates for the amount of net profit for the current fiscal year ending Q1 this year by 10% to 860 mld.JPY = about 9.2 billion USD. If the estimates will confirm this fiscal year for Toyota's best for the last 5 years.

Shares of Toyota's response to the report strengthened by more than 6%.

With the increase has come an estimated Mazda, which more than doubled its estimates for the same period as the Toyota to a final level of net profit of $ 26 mld.JPY = approx 277 mill.USD. Market still allowed growth to 16.3 mld.JPY.

Mazda shares are for the last three months the leaders of the main Japanese stock index Nikkei 225 with a growth of over 200% from 3Q12 results. Operating income for the fiscal year should rise to 45 billionJPY against the originally estimated 25 mld.JPY

Both automakers significantly benefit from the continued weakening of the Japanese currency, which for the last three months has weakened against the dollar by as much as 14%, which greatly promoted the export of Japanese cars in the world.
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