Toyota Motor Corp. is expected to report a group operating profit of about 100 billion yen ($1.14b) for the April-June period, The Nikkei [sub]. That would be a huge improvement over the same quarter loss of 194.8 billion yen ($2.23b) in 2009. In case you are wondering about the strange quarters: Japan goes by the fiscal year that ends on March 31. The April-June period is the first quarter of the new year, and times are good at TMC.
Like Toyota’s European counterparts, TMC had strong sales “mainly in emerging nations and resource-rich countries,” as the Nikkei put it. Contrary to its European counterparts, TMC has to battle with a strong Japanese currency, which makes the results even more remarkable. The Nikkei thinks Toyota will not change its guidance for the full year, because of uncertainty over Western economies. The Nikkei thinks the actual profit could come in at 10 percent more or less than the forecast.