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Al Jazeera
Al Jazeera
Business

Japan’s Toyota posts record 4.9tn yen profit driven by hybrid demand

Toyota Koji Sato Tesla Inc.
Toyota is the world's biggest car maker by sales [Yuichi Yamazaki/AFP]

Toyota has reported record profit and sales figures on the back of the weak yen and strong demand for hybrid vehicles.

The Japanese car giant said on Wednesday that it netted a record profit of 4.94 trillion yen ($31.9bn) in the year to March on revenues of 45.1 trillion yen, double the previous year’s income.

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