Toyota Motor Corp. on Tuesday reported record sales and profits for the first half of fiscal 2006 and revised its projected operating profit to 2.2 trillion yen for the full year through March.
The half-year figures indicate the world's No. 2 automaker is on course to become the first company in Japan to break the 2 trillion yen mark.
Toyota had previously forecast a drop from the previous year's net profit of 1.37 trillion yen, due to the mounting cost of heavy investment in developing new technology and expanding its global production facilities.