Toyota becomes 1st Japan firm with 1 tril. yen profit

Toyota becomes 1st Japan firm with 1 tril. yen profit

NAGOYA, Japan - Fujio Cho, president of Toyota Motor Corp., smiles at a news conference May 13 at the Nagoya Stock Exchange. Cho said Toyota's group pretax profit rose 14.5% to a record 1,113.52 billion yen in the fiscal year ended March 31. Toyota is the first Japanese company ever to post a 1 trillion yen pretax profit.

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