Toyota Lifts Forecast Despite Pandemic’s Supply Chain Damage

The company logo highlights the grille of a Tacoma pickup truck on display in the Toyota exhibit at the Denver auto show at Elitch’s Gardens in downtown Denver. The Toyota Tacoma is just one of more than 30 vehicles to be under recall notices in Canada over the past week. David Zalubowski/AP Photo

TOKYO—Japan’s top automaker Toyota reported Thursday a 33 percent jump in second fiscal quarter profit, as it raised its full year forecast despite supply chain woes related to the coronavirus pandemic.

Toyota Motor Corp. recorded a 626.65 billion yen ($5.5 billion) profit for the July-September period, up from 470.5 billion yen the previous year. Quarterly sales rose 11 percent to 7.5 trillion yen ($66 billion).