Toyota logs record net profit in fiscal 2023

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Toyota logs record net profit in fiscal 2023

STORY: Toyota logs record net profit in fiscal 2023 SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:00:56 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of a press conference held by Toyota Motor Corp. STORYLINE: Toyota Motor Corp. said Wednesday it saw a record net profit of 4.94 trillion yen (31.82 billion U.S. dollars) for the fiscal year of 2023, citing robust demand and the yen's depreciation. The figure doubled from the previous fiscal year, while the operating profit almost doubled from a year earlier to 5.35 trillion yen during the fiscal period from April 2023 to March 2024, the company said in its latest financial results. According to local media reports, Toyota became the first Japanese company to top the 5-trillion-yen mark in operating profit for fiscal 2023. The Japanese automaker reported a record 45.1 trillion yen in sales, up 21.4 percent from a year ago. Citing the popularity of hybrid cars, the company said its group vehicle sales, including those of its subsidia

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