Toyota posts record yearly net income, revenue

TOKYO, Japan — Toyota said Wednesday that it posted a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high. But the world’s largest automaker by sales warned net income would fall 27.8 percent this financial year to 3.57 trillion yen because of investments, according to a statement. The results for 2023-2024 were helped by foreign currency effects, in particular the weak yen, as well as brisk sales, notably of hybrid vehicles. They exceeded the firm’s forecast in February of a net profit of […]…

Keep on reading: Toyota posts record yearly net income, revenue