- ARAB NEWS
- 05 May 2024
Since 1975
TOKYO: Japan’s Toyota Motor Corp. said Thursday that its group net profit in April-December last year fell 18.0 percent from a year before to 1,899,026 million yen.
The automaker posted an operating profit of 2,098,095 million yen, down 17.1 percent.
Still, the company’s sales grew 18.0 percent to 27,464,033 million yen, a record high for the nine-month period.
Toyota incurred the profit drops as a boost from the yen’s weakening was more than offset by the negative impact of higher materials prices.
Toyota lowered its group vehicle production outlook to 9.1 million units for the full year through March from the previous projection of 9.2 million units, reflecting a decline in domestic production due to semiconductor shortages.
The company kept its full-year earnings forecasts unchanged.
JIJI Press
