Toyota Motor said on May 8 that operating income increased to 2.5 trillion yen in the fiscal year ending March 2019, up from 2.4 trillion yen a year earlier. Net income fell by a quarter to 1.9 trillion yen, with the margin contracting to 6.2 percent from 8.5 percent.
Japan's largest automaker expects operating income to rise to $23.2 billion in the 12 months ending March 2020, slightly lower than the $23.7 billion estimated by analysts on average, according to Refinitiv.Honda Motor on May 8 predicted that its global sales would decline to 5.2 million vehicles in the upcoming fiscal year from 5.3 million. The company’s annual operating profit fell 13 percent to 726 billion yen.
Source: News Formal (newsformal.com)
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