Kyodo -- May 09
Toyota Motor Corp. said
Thursday its group operating profit for fiscal 2013 surged 73.5 percent
from the previous year to a record 2.29 trillion yen, driven by the
yen's slide and robust sales in Japan and North America, but the
automaker expects a lackluster performance for the current fiscal year
partly due to negative impact from the sales tax hike in Japan.
Operating profit in the fiscal year to March 31 exceeded the previous
record of 2.27 trillion yen set in fiscal 2007 before the global
financial crisis triggered by the collapse of Lehman Brothers Holdings
Inc. in September 2008.
The world's top-selling automaker said its group net profit soared
89.5 percent to a record 1.82 trillion yen on sales of 25.69 trillion
yen, up 16.4 percent, also on cost-cutting efforts and favorable effects
of the introduction of new vehicles.News sources:FNNnewsCH Kyodo
