Reply #16: Toyota predicts early rebound in production capacity

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http://search.japantimes.co.jp/cgi-bin/nb20110512a1.html

Toyota Motor Corp. said Wednesday it expects that its damaged domestic production lines will rebound to 70 percent of capacity by June, a month earlier than initially scheduled, thanks to efforts made after the March 11 earthquake and tsunami slowed some of its plants in the northeast.

At the same news conference, Toyota reported that its group net profit for the business year ended March 31 doubled to ¥408.18 billion from the previous year, as robust sales in Asia and other emerging markets overcame the negative impact of the surging yen and natural disasters. The results, however, fell short of the ¥490 billion forecast announced in February.

Citing continued uncertainty about the full impact of the quake, Toyota declined to release its forecast for the business year that started April 1, but said it would make the announcement by mid-June.