Tuesday, February 7, 2012

The Toyota automaker increased profit to 11% for investor in new models

Toyota Motor Corp., the largest automaker in Asia, raised its profit forecast a 11 percent increase in new sales models. The result can be even better than the company expected, investors say.

"The automaker is boosting production of every month," said Takashi Aoki, a fund manager based in Tokyo at Mizuho Asset Management Co. "Toyota will do everything possible to increase the volume of sales and regain market share as much as possible. "

The maker of the Camry sedan, said it plans to launch 19 new models in the U.S. Toyota outsold General Motors Co. and Volkswagen AG last year, is preparing to sell a record number of vehicles in the world during 2012. His signs of resurgence of GM, VW and Hyundai Motor Co. give back some market share gained in 2011.

Analysts are more optimistic that the automaker based in Toyota City. Before the company raised its forecast full-year net profit of 200 billion yen ($ 2.6 million), the average of 20 estimates compiled by Bloomberg expects 285.4 million yen. As recently as January, the average was over 300 billion yen, even after the automaker has reduced its forecast of 180 billion yen in December.

Toyota rose 1.8 percent to 30 euros in Frankfurt trading. The stock closed unchanged at 2.986 yen in Tokyo before the company reported earnings and raised its projections.

Return of confidence

For the third quarter ended Dec. 31, net income dropped 14 percent to 80.9 billion yen, while revenue rose 4.1 percent to 4.87 billion yen, Toyota said.

The renewed confidence of Toyota compared to 2011, when the company's business was hit by the deadly earthquake and tsunami in Japan, floods in the manufacturing center of South Asia from Thailand and a yen that advanced cases after the war.

Opinion on the benefits of Toyota are also a contrast with the manufacturers of consumer electronics, hard to recover. In the past month, Sony Corp. has more than doubled its forecast for annual losses, while Panasonic Corp. and Sharp Corp. is expected to post losses. Honda Motor Co., the Japanese automaker in third place, last week cut its forecast full-year profits.

The recovery in 2012 - described by the president of Honda Takanobu Ito as the year of "full recovery" - is increasing in the United States and Japan, the largest market for both Toyota. U.S. sales increased 7.5 percent in January, led by Camry jump midsize sedan 56 percent, according to Autodata. At home, the provision of Toyota passenger vehicles rose 46 percent last month, the biggest gain since April 2010, according to the Automobile Dealers Association of Japan.

Gains in market share

Toyota could regain market share from GM in the U.S. this year, according to a Bloomberg survey of five analysts. The Japanese can capture a market share of 13.8 percent this year compared to 12.9 percent last year, while GM could fall to 19 percent, from 19.6 percent last year according to the survey.

Toyota today raised its sales forecast for the fiscal year to 7.41 million vehicles, compared to the previous projection of 7.38 million. Toyota sales forecasts of 3 February, including Hino Motors Ltd and Daihatsu Motor Co., from January to December will increase to some 9.58 million vehicles records.

Jim Lentz, director of sales in the U.S., the largest market for Toyota, said in Detroit last month that sales of the Prius increased by over 60 percent in the country and overcome some record 220,000 vehicles, driven by the new smaller version of the hybrid hatchback.

Government Support

In Japan, the second largest market for Toyota, the government began to give up certain taxes and savings certificates offer low-emission vehicles in December to help the domestic industry. The Japan Automobile Manufacturers Association said Dec. 20 that the incentives will help boost domestic demand of 900,000 vehicles in 2012 after the fall of last year's record.

Read more on 2012 toyota car reviews.

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