Toyota Motor Corp. said Thursday its group net profit in the October-December quarter jumped 59.7 percent from a year earlier to 286.4 billion yen due to brisk global sales and cost-cutting efforts.
The nation's largest automaker is on course to become in March the first Japanese company to generate an annual group net profit of 1 trillion yen.
Group operating profit increased 11.2 percent to 401.6 billion yen and sales rose 8.2 percent to 4.39 trillion yen.