Toyota shares hit record high in Japan after company raises earnings forecast

Toyota Motor’s shares 7203, +4.82% rose sharply to a record high, extending the previous day’s gains after the automaker raised its fiscal-year earnings forecast. Shares were recently 4.9% higher at 3,289 yen after rising as much as 7.3% to a record intraday high of Y3,364 earlier Wednesday morning. Toyota said Tuesday that it expects net profit to climb 84% to 4.500 trillion yen ($30.42 billion) for the fiscal year ending March as hybrid vehicles lead sales growth. It previously forecast a 61% increase ...