Toyota ups annual profit forecast

Nov 05, 2012, 8:20 AM EST
Toyota's Corolla Fielder (L) and Corolla Axio are reflected in a Toyota Forte's logo at the company's headquarters in Tokyo November 5, 2012. Toyota Motor Corp raised its full-year net profit forecast to $9.7 billion even after its sales in China, the world's biggest autos market, were battered by a popular backlash against Japan over a territorial dispute.
REUTERS/Kim Kyung-Hoon

Japan's leading carmaker continues to recover from the impact of last year's natural disasters, with sales strong in its domestic market and U.S. offseting a boycott of Japanese products in China. Toyota said it expected to earn a net profit of 780 billion yen ($9.7 billion) in the year ending next March, up from a previous projection of 760 billion yen.