Analysts forecast Toyota to exceed GM’s earnings next fiscal year

Article by Anita Panait, on May 8, 2012

Analysts expect Toyota Motor Corp. to post its largest profit in five years and surpass General Motors Co.'s earnings this incoming fiscal year. According to the average of 21 analyst estimates compiled by Bloomberg News, Toyota may triple its net income to JPY817.7 billion for the fiscal year ending March 2013, which beats GM’s expected profit for the next four quarters. 

High expectations on Toyota fiscal performance have been well-founded on the fact that the Japanese carmaker has resolved its supply and production problems in 2011 after having suffered because of the natural disasters that hit Japan in March last year. With these problems under full control, Toyota is primed to regain the market share it lost in 2011.

The company, led by Akio Toyoda, is launching new Prius hybrids, Corolla compacts and Lexus sedans to attract customers it lost to competitors last year. However, the biggest problem that Toyota has to overcome this year is in fending off its fierce rivals, including world no. 1 GM, fast-rising Hyundai Motor Co., and an emergent Volkswagen AG.

Mitsushige Akino of Ichiyoshi Investment Management Co. in Tokyo said that 2012 will be a test year for Toyoda because the success of business strategies of company chief can only be manifested when there are “no irregular factors," Akino added that everybody is looking forward to how Toyota’s president could narrow the gap between the company and GM. Toyota’s shares has been showing signs of revival this year as it gained 21 percent in Tokyo trading.

Topics: toyota, gm

If you liked the article, share on:

Comments

Recommended

Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 2017
The Lotus Evora Sport 410 astonished the world after arriving as the more powerful and lighter edition of the already impressive Evora 400. Now, Lotus Cars is throwing in another...
by - July 22, 2017
The Europe-bound WRC hatch developed by Toyota and Gazoo Racing team will be limited to just 400 examples as reported by AutoCar this week. Otherwise known as Gazoo Racing Masters...
by - July 21, 2017
Even cops get excited when they’re assigned to drive the best cars in the market. In Austria, police officers drive around in a Porsche 911 Carrera while in Milan, authorities...
by - July 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries