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Toyota Motor Corp posted a record net profit of ¥1.82 trillion ($17.9 billion) for the previous financial year on a stronger yen, cost-cutting measures and strong North American sales, the carmaker said on Thursday.
Japan’s largest carmaker booked a net profit of ¥962.2 billion a year earlier.
Toyota also posted an operating profit of ¥2.29 trillion for the year to March, compared with an operating profit of ¥1.32 trillion a year before, while sales grew 16.4 per cent to ¥25.69 trillion.
The carmaker predicted an operating profit of ¥2.3 trillion for the current financial year through March 2015, a net profit of ¥1.78 trillion and sales of ¥25.7 trillion.
In the January-to-March quarter, Toyota posted an operating profit of ¥436.1 billion, down 13.2 per cent from the same period last year, while it booked a net profit of ¥297 billion, down 5.4 per cent from a year earlier. Sales jumped 12.5 per cent to ¥6.57 trillion for the quarter.
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