Toyota Motor Corp. announced Wednesday that it booked a record net profit for the last business year, despite uncertainty caused by once-in-a-century changes faced by the automobile industry and rising protectionism.
Toyota said its net profit reached ¥2.49 trillion for the business year that ended in March, surging 36.2 percent from a year earlier thanks mostly to the weaker yen and cost cutting.
Annual sales jumped 6.5 percent from the previous year to ¥29.4 trillion, also a record high. Operating profit rose 20.3 percent to ¥2.4 trillion.