Toyota Motor says its group sales and profits hit record highs for the April-to-June quarter. This comes as a weaker yen pushed up earnings.
Japan’s largest automaker says sales came to 11.8 trillion yen, or about 79 billion dollars, up 12 percent from the same period last year.
Net income stood at 1.3 trillion yen, or 8.9 billion dollars. That’s an increase of 1.7 percent. Operating profit also reached a record high.
Unit sales in Japan were down because of a production halt of some models. That stemmed from the automaker’s falsification of performance test data needed for government certification.
But the downside was more than offset by a 370-billion-yen increase in operating income due to the weaker yen and strong sales of hybrid vehicles overseas as well as cuts in production costs.