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

Bimmerpost has posted several cool pictures of the new BMW G30 540i and the new G31 generation BMW 5-Series Touring, with both wearing the brilliant Rhodonite Silver Individual colour. The...
by - October 23, 2017
A few years ago, Lotus tried to take on Porsche. They had a five-car plan to go against competitors like Ferrari and Aston Martin. Though it did not go well,...
by - October 23, 2017
To keep the Nissan Maxima interesting, the Japanese automaker gives the 2018 model year a number of small tweaks. Some of these include standard Android Auto, which is a new...
by - October 23, 2017
It looks as if Chevrolet has everything planned out in terms of production. Firstly, they have plans of introducing the Corvette ZR1 in a few months, which will then be...
by - October 23, 2017
While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 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