Japan's Toyota reports hefty profit on cheap yen and solid car sales - bnnbloomberg.ca
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Article Excerpt
TOKYO — Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favourable exchange rate to boost results.
The Japanese automaker, which makes the Prius hybrid and Lexus luxury models, recorded a 1.48 trillion yen (US$9.4 billion) net profit in the April-June period, up from 841 billion yen the same quarter the previous year.
Quarterly sales rose 10% year on year to 13.5 trillion yen (US$85 billion).
A cheap yen raises the value of overseas earnings for Japan’s giant exporters like Toyota Motor Corp. The U.S. dol…
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Aug 4, 2026