UPDATE 1-Toyota likely logged 09/10 operating profit

* Operating profit seen as high as 50 bln yen – Nikkei

* Consensus op profit f’cast 42.4 bln yen – I/B/E/S
(Adds detail, consensus forecasts)

TOKYO, April 24 (BestGrowthStock) – Toyota Motor Corp (7203.T: ) is
expected to have posted a group operating profit of as high as
50 billion yen ($532 million) for the year that ended on March
31, Japan’s business daily Nikkei reported on Saturday.

The world’s biggest automaker, under pressure after a
series of recalls and incidents that tarnished its once
market-leading reputation for quality, would beat its forecast
of a 20 billion yen loss, thanks to a weaker yen and its
cost-cutting efforts, the newspaper said without citing
sources.

Groupwide auto sales likely fell 5 percent to about 7.2
million units, Nikkei added.

According to average forecasts compiled by Thomson Reuters
I/B/E/S, Toyota is expected to have logged a 42.35 billion yen
operating profit for the 2009/10 business year, a figure that
has been revised higher in recent days. [ID:nTOE60O03N]

Rivals are likely to have performed better as Toyota
scrambled to cope with the worst recall crisis in its history
during the March quarter. [ID:nTOE63K067]

Toyota has recalled more than 8 million vehicles — most of
them in the United States — and has been penalised by U.S.
safety regulators for not acting quickly enough once it
identified a defect with its accelerator pedals. Earlier this
week, it agreed to pay a record $16.4 million federal fine for
that delay. [ID:nN19194939]

Toyota reports on May 11.
($1=93.91 Yen)
(Reporting by Yoko Nishikawa; Editing by Lincoln Feast)

UPDATE 1-Toyota likely logged 09/10 operating profit