Toyota Q1 Profit Rises 1.7% Amid Challenges
Toyota Q1 Profit Rises 1.7% Amid Challenges
Toyota Q1 Profit Rises 1.7% Amid Challenges
News summary

Toyota reported a 1.7% increase in first-quarter net profit to 1.33 trillion yen ($8.83 billion) and a 12% rise in revenue to 11.84 trillion yen ($78.62 billion), driven by strong hybrid vehicle sales and a weak yen. Despite these positive results, Toyota's shares fell by approximately 8% due to investor disappointment over the weakest profit growth in seven quarters and ongoing certification scandals in Japan. The company faced production halts and recalls due to these issues, but maintained its profit forecast for the fiscal year at 3.57 trillion yen ($24 billion). Toyota's hybrid sales particularly bolstered performance in North America and Europe, offsetting weaker demand in Japan and China. The company expects to sell 9.5 million vehicles globally for the full fiscal year.

Story Coverage
Toyota Reports Record Quarterly Profit, Boosted by a Weak Yen and Despite a Certification Scandal
Toyota’s Quarterly Profit Climbs on Weak Yen, Strong US Sales
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Reuters
Center
Stronger yen is the least of Toyota’s problems
alt
Reuters
Center
Toyota posts 17% increase in Q1 profit but shares tumble
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Left 50%
Center 25%
Coverage Details
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4
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2
Center
1
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0
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1
Last Updated
49 days ago
Bias Distribution
50% Left
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Story Coverage
Toyota Reports Record Quarterly Profit, Boosted by a Weak Yen and Despite a Certification Scandal
Toyota’s Quarterly Profit Climbs on Weak Yen, Strong US Sales
alt
Reuters
Center
Stronger yen is the least of Toyota’s problems
alt
Reuters
Center
Toyota posts 17% increase in Q1 profit but shares tumble

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