automaker Toyota Motor Corp. is forecasting a robust fiscal
2013, largely attributable to increased revenue, profitability
and vehicle sales in North America.
Toyota sold 1,865,450 cars and
light trucks in the region during the nine months ended Dec.
31, up 47 percent from 1,268,863 vehicles in the same period a
year earlier. Toyota manufactured more than 1.24 million
vehicles in North America from April 1 to Dec. 31, up 49.1
percent from 831,423 units in the same period a year
Toyotas North American
operations exported 543,000 vehicles during the first nine
months of fiscal 2013, up 37.1 percent from 396,000 units a
year earlier. The automaker expects to export 710,000 units for
the full 12 months, up 21.8 percent from 583,000 units in
North American revenue reached
nearly 4.57 trillion yen ($48.78 billion), up 37.7 percent from
3.32 trillion yen in the first nine months of fiscal 2012.
Nine-month operating income for the region totaled 165 billion
yen ($1.76 billion), up almost 9 percent from 151.8 billion yen
in the same year-earlier period.
The increase in operating income
was mainly due to higher production volumes and vehicle unit
sales, the company said.
Toyota revised its consolidated
vehicles sales forecast for the fiscal year to 8.85 million
units, up 100,000 units from its Nov. 5 forecast, citing a rise
in overseas vehicle sales. It forecast 12-month sales of 2.45
million units in North America.
Toyota forecast a full-year
profit on an unconsolidated basis, its first in five years. "We
believe that our efforts have been bearing fruit and that we
are finally on the road to sustainable growth," senior managing
officer Takahiko Ijichi said in a statement. "We will continue
our efforts to build ever-better cars and to move forward in a