Weak Yen Aids Toyota, Other Big Japanese Companies

TOKYO—The yen’s historic fall is boosting gross sales and earnings at prime Japanese corporations, prompting many to take care of wholesome outlooks for the present 12 months regardless of supply-chain disruptions and financial uncertainty.

Toyota Motor the world’s largest automotive maker by gross sales quantity, stored its forecast for operating profit of two.4 trillion yen, equal to $18 billion, for the fiscal 12 months by way of March, regardless of being hit by supply-chain troubles and better raw-material costs lately. The strengthening of the greenback and euro towards the yen will possible offset rising prices for the rest of the present 12 months, Toyota stated.