Impact of a consumption tax hike last april is receding, still they believe the pace of recovery remains modest. That i say consumers are not loosening their Purse Strings and Business Owners are cautious about spending money on facilities. Executives at Toyota Motors say the groups operating profit for fiscal 2014 hit a record high and theyre forecasting a Third Straight record profit in fiscal 2015. Toyota had an operating profit of about 22. 9 billion in the Business Year that ended in march. Thats up 20 in yen terns compared to the previous year. Sales in japan declined after a buying spree ahead of the consumption tax hike in april last year but sales in the United States and europe increased and the weaker yen pushed up profits. Looking ahead, toyota executives project operating profit for the current fiscal year at about 23. 3 billion. They expect strong sales in the u. S. And they also plan more costcutting measures. Toyota executives are targeting global sales of just over 10
To 2. 1 . The analysts say the negative impact of a consumption tax hike last april is receding, still they believe the pace of recovery remains modest. That i say consumers are not loosening their Purse Strings and Business Owners are cautious about spending money on facilities. Executives at Toyota Motors say the groups operating profit for fiscal 2014 hit a record high and theyre forecasting a Third Straight record profit in fiscal 2015. Toyota had an operating profit of about 22. 9 billion in the Business Year that ended in march. Thats up 20 in yen terns compared to the previous year. Sales in japan declined after a buying spree ahead of the consumption tax hike in april last year but sales in the United States and europe increased and the weaker yen pushed up profits. Looking ahead, toyota executives project operating profit for the current fiscal year at about 23. 3 billion. They expect strong sales in the u. S. And they also plan more costcutting measures. Toyota executives are
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