Toyota, Japan's top carmaker, said today quarterly operating profit jumped more than five-fold to $3 billion and would treble in the current year as production roars back from post-disaster lows.
January-March operating profit increased to 238.5 billion yen beating a consensus estimate of 223 billion yen in a survey of 23 analysts.
Fourth-quarter net profit jumped to 121 billion yen from 25.4 billion yen a year ago.
For the year to next March, Toyota forecast operating profit would rise to 1 trillion yen ($12.54 billion), its highest since the global financial crisis.
Consensus forecasts have been for a full-year profit of 990 billion yen.
Toyota shares have gained more than a third since the broad market trough in late-November, outperforming local rivals Nissan and Honda.
US competitors General Motors and Ford and Volkswagen, but lagging BMW's 41 per cent jump.
Reuters