Toyota Motor says its group sales and profits hit record highs for the April-to-June quarter. This comes as a weaker yen pushed up earnings.
Japan's largest automaker says sales came to 11.8 trillion yen, or about 79 billion dollars, up 12 percent from the same period last year.
Net income stood at 1.3 trillion yen, or 8.9 billion dollars. That's an increase of 1.7 percent. Operating profit also reached a record high.
Unit sales in Japan were down because of a production halt of some models. That stemmed from the automaker's falsification of performance test data needed for government certification.
But the downside was more than offset by a 370-billion-yen increase in operating income due to the weaker yen and strong sales of hybrid vehicles overseas as well as cuts in production costs.
Japan's largest automaker says sales came to 11.8 trillion yen, or about 79 billion dollars, up 12 percent from the same period last year.
Net income stood at 1.3 trillion yen, or 8.9 billion dollars. That's an increase of 1.7 percent. Operating profit also reached a record high.
Unit sales in Japan were down because of a production halt of some models. That stemmed from the automaker's falsification of performance test data needed for government certification.
But the downside was more than offset by a 370-billion-yen increase in operating income due to the weaker yen and strong sales of hybrid vehicles overseas as well as cuts in production costs.
Similar Readings (5 items)
Toyota posts record sales, net profit for FY2021
Toyota net profit slips despite record sales, ANA Holdings sales soar
Toyota posts record half-year net profit, sales
Toyota's FY23 group operating profit tops 5 tril. yen, highest ever
Toyota posts record operating profit, highest ever for listed Japanese company
Summary
Toyota Motor reports record high group sales and profits for Q2, bolstered by a weaker yen. Sales reached 11.8 trillion yen (79 billion USD), up 12%. Net income stood at 1.3 trillion yen (8.9 billion USD) with an increase of 1.7%. Operating profit also hit a record high. Despite a decline in
Statistics
133
Words1
Read CountDetails
ID: 2085c2e7-93b6-47dc-a3aa-fb859deedf3e
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240801_30/
Date: Aug. 1, 2024
Created: 2024/08/02 07:00
Updated: 2025/12/08 11:45
Last Read: 2024/08/02 14:13