Nikkei Shimbun: Toyota Q1 Operating Profit Estimated at +23%

| About: Toyota Motor (TM)
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Over this past weekend the Nihon Keizai Shimbun published an article that said it estimated a 23% year-over-year increase in Toyota's (NYSE:TM) Q1 operating profit.

With its operating profit estimated to be around 500 billion yen ($4.3b), full-year profit at 2 trillion yen ($17.3b) is not impossible. Toyota has an internal projection of 1.9 trillion yen ($16.5b). Its shares would likely get a nice boost if it were to upward revise its full-year forecast.

Its global expansion led by strong sales in North America, in addition to the positive effects of a "cheap" yen are said to be the drivers of Toyota's expected growth in y-o-y earnings.

Toyota reports Q1 earnings this Friday. Honda (NYSE:HMC) reported a 19.4% increase in operating profit and a 29.6% rise in net income on a 14.8% increase in sales (see details here). Nissan posted more modest results with a 4.2% increase in net income on a 3.1% growth in sales (click here for more on Nissan).

Ordinary shares of Toyota (Tokyo: 7203) fell 1.16% to 5,990 yen ($103.78 ADR equivalent) on a broadly but slightly lower day overall for the Nikkei 225. Its ADRs lost 0.36% yesterday to close at $105.22.

Toyota Motor Corp (TM) 1-year chart: