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TOKYO - Toyota Motor Corp., the world's most profitable car maker, posted a 26.5 percent rise in quarterly operating profit on Friday as sales charged ahead in North America and Europe, and it kept its forecast for another year of record earnings.
Japan's top auto maker said operating profit was 512.42 billion yen (2.36 billion pounds) in the April-June first quarter, up from 405.13 billion yen a year earlier. A survey of eight brokerages by Reuters Estimates had put the mean estimate at 493.4 billion yen.
Net profit rose 39.2 percent to 371.50 billion yen, helped by a weaker yen.
For the year to March, the maker of the Prius hybrid and Camry car has forecast a modest 1.2 percent rise in operating profit to 1.9 trillion yen. Analysts predict 2.03 trillion yen.
Toyota expects its full-year net profit to dip 4.5 percent to 1.31 trillion yen, due to year-earlier one-off valuation gains. Analysts see a slight increase to 1.396 trillion yen, according to 18 forecasts compiled by Reuters Estimates.
Toyota shares fell 6.8 percent in April-June, while the transport sector subindex ITEQP.dropped 8 percent.
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