Toyota Motor Corp. posted record sales and net profit for fiscal 2014 on Friday, thanks to the weakened yen and cost-cutting efforts at the world's largest automaker.
Sales for the business year that ended in March amounted to ¥27.2 trillion, up 6 percent from the ¥25.6 trillion for the previous year. Net profit exceed ¥2 trillion for the first time, logging ¥2.17 trillion, up 19.2 percent from ¥1.82 trillion. Operating profit was also the highest ever, at ¥2.89 trillion.
However, the Aichi-based auto giant sold fewer vehicles globally during the year, at 8.97 million, compared with 9.11 million in fiscal 2013.