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Toyota Q2 operating profit rises 34% to ¥1.13tn, beats estimates

Toyota Motor reported second-quarter operating profit of ¥1.13 trillion, up 34% year on year and above the ¥964.86 billion market estimate. Net profit fell 19% to ¥759.40 billion, while net sales rose 8.6% to ¥13.44 trillion. The automaker raised its full-year operating profit forecast to ¥3.90 trillion from ¥3.40 trillion and expanded its share buyback program to ¥1.3 trillion.

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