On February 6th, Toyota announced that it expects its consolidated net profit for the fiscal year 2023 (as of March 2024) to reach 4.5 trillion yen, an increase of 550 billion yen from previous forecasts. It is reported that this is the first time Toyota has raised its net profit forecast to 4 trillion yen. Price increases, increased production, and depreciation of the Japanese yen will contribute to performance.