Toyota raised its forecast for the fiscal year ending March 31, 2027, citing resilient hybrid demand, particularly in the United States, a weaker yen and recovery from production disruptions. The automaker now expects net profit of ¥3.57 trillion ($22.6 billion), up from its previous ¥3.25 trillion projection, though that would still represent a 7.2% year-on-year decline. Its operating-profit forecast rose to ¥3.9 trillion from ¥3.4 trillion, while revenue is expected to increase 5.6% to ¥53.5 trillion, a slight downward revision. The outlook followed a quarterly increase in operating profit supported by the weaker yen and cost cuts. For the three months ended September, net profit fell 19% to ¥759.4 billion ($4.79 billion), missing the ¥779.6 billion estimate in a Quick analyst poll; the year-earlier result benefited from higher nonoperating income. Revenue rose 8.6% to ¥13.4 trillion. Toyota also raised its share-repurchase authorization to 610 million shares and ¥1.3 trillion from 500 million shares and ¥1 trillion, and said it would conduct a tender offer for its own shares at ¥2. Shares rose 15.49% after the forecast revision, despite the outlook falling short of Bloomberg analyst expectations.