Toyota Revises Up Global Sales Forecast to 7.05M Cars for F2009

Toyota Motor Corporation held a press conference in Tokyo on Thursday and revised up its global output plan for fiscal 2009 ending in March 2010 from previous 6.3 million cars to 7.05 million cars. The output plan was revised up by 180,000 cars to 3.12 million cars in Japan and by 570,000 cars to 3.93 million cars at overseas to reflect current sales growth of new-type Prius in Japan and the positive effect by governmental scrap incentives in many countries.

Toyota Motor also reviewed its full-year financial forecast for fiscal 2009 upward. Consolidated operating loss is expected to narrower to 350 billion yen from 750 billion yen previously announced in August. Consolidated net loss would also narrower to 200 billion yen from previously estimated 450 billion yen. Self cost cut efforts would total 1.25 trillion yen for fiscal 2009, higher by 350 billion yen from the previous estimation.

The firm posted consolidated net sales at 8.378 trillion yen, operating loss at 136.9 billion yen and net loss at 56 billion yen for April-September 2009. Global sales totaled 3.13 million cars for the half year.