04.02.2015 - Toyota has improved earnings forecast
Japanese corporation Toyota raised its net profit forecast by 6.5% to another record level. The reason for the increase was the drop in price of the Japanese yen and the strong numbers of the American automotive market. Thus, according to the forecast in the fiscal year that ends in March, the company expects to receive 2.13 trillion yen, or about $ 18.1 billion. This figure is 16.8% more than over the same period of the last year. It is worth noting that the company produces more than a third of cars in Japan and exports 55% of them. In this regard, the fall of the yen continues to support the growth of the company. We recommend holding shares of the company in the long portfolio with the potential of growth by 20-25% in 2015.