TOKYO – Toyota said on Wednesday that it enjoyed a record net profit of 4.94 trillion yen in the year to March on revenues of 45.1 trillion yen, which was also an all-time high.But the world's largest automaker by sales warned net income would fall 27.8 percent this financial year to 3.57 trillion yen because of investments, according to a statement.The results for 2023–24 were helped by foreign currency effects, in particular the weak yen, as well as brisk sales, notably of hybrid vehicles.
Pedestrians walk past a car dealership for Japanese automaker Toyota in Tokyo on May 8, 2024. The Japanese auto giant on Wednesday reported a record net profit of 4.94 trillion yen . AFP PHOTOThey exceeded the firm's forecast given in February of a net profit of 4.5 trillion yen on revenues of 43.5 trillion yen.Toyota's previous record annual net profit was 2.85 trillion yen in 2021–22. For revenues it was 37.15 trillion yen the following fiscal year.Last month Toyota said it sold 11.
Posts Record Yearly Net Income Revenue
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