Japanese automaker Toyota said it nearly doubled its operating profit in the first quarter of its fiscal year, helped by higher sales and production as well as a weaker yen.<\/p>\n\n\n\n
The company said in a statement announcing its results: \u201cSales increased in all regions around the world compared to the same period in the previous year due to the productivity improvement efforts that were made with suppliers.\u201d<\/p>\n\n\n\n
Toyota said operating profit for the three months through June was 1.12 trillion yen ($7.85 billion), up 94 percent from a year earlier, beating the average profit of 945.22 billion yen in a survey by Refinitiv.<\/p>\n\n\n\n
The company maintained its forecast of making a profit of 3 trillion yen for the current year, as the conditions it faced did not change significantly from what it was three months ago.<\/p>\n\n\n\n
The forecast came in comparison with an average forecast of 3.6 trillion yen from 23 analysts. Toyota said it may consider a review around the time of its semi-annual results.<\/p>\n\n\n\n
Toyota said it sold about 2.53 million Toyota and Lexus vehicles in the first quarter, up 8.4% from a year earlier. Electric and hybrid vehicles accounted for 34% of those vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese automaker Toyota said it nearly doubled its operating profit in the first quarter of its fiscal year, helped by higher sales and production as well as a weaker yen. The company said in a statement announcing its results: \u201cSales increased in all regions around the world compared to the same period in the previous …<\/p>\n","protected":false},"author":9,"featured_media":80666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[7490,7438,8190,8189],"class_list":["post-87228","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-electric-vehicles","tag-inventories","tag-toyota","tag-vehicle-sales"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87228"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87228\/revisions"}],"predecessor-version":[{"id":87229,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87228\/revisions\/87229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/80666"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}