
Toyota Motor Corp. of Japan revealed today that The company posted a net profit for fiscal 2020 of ¥ 2.25 trillion, a 10.3% increase from fiscal 2019 and an operating profit of ¥ 2.2 trillion, down 8.4%.
Toyota predicts
slotxo that Net profit for fiscal 2021 will rise 2.4 percent to 2.3 trillion yen ($ 21 billion), driven by rebounding auto demand. Even COVID-19 Continues to spread heavily throughout the world
At the same time expected Operating profit for fiscal 2021 will be 2.5 trillion yen, up 13.8 percent from fiscal 2020, and sales are expected to expand 10.2 percent to 30 trillion yen.
Toyota plans to sell 10.55 million vehicles in 2021, an increase of 6.4 percent from 2020 sales of 9.92 million, driven by sales in major markets. That grow as strong as the United States
Toyota is also aiming to sell 8 million electric vehicles worldwide, including hybrids by 2030, as the company is pushing for measures to reduce its carbon footprint.