Toyota sets all-time high annual net profit of ¥4.94 trillion ($31.9bn) in March, driven by weak yen and strong hybrid sales.
Toyota achieved an all-time high annual net profit of ¥4.94 trillion ($31.9bn) in March, driven by a weak yen and strong hybrid vehicle sales. The company's net profit doubled and revenues rose 21.4% to ¥45.1 trillion, also a record high. However, Toyota forecasts a 27.8% decrease in net income to ¥3.57 trillion for the upcoming fiscal year due to increased investments.
May 08, 2024
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