Toyota’s profit for the first fiscal quarter jumped to 1.3 trillion yen ($9 billion) — a quarterly record for Japan’s top automaker — as sales grew and parts shortages related to the coronavirus pandemic eased.
Toyota Motor Corp.’s April-June net profit rose 78% from 736.8 billion yen the previous year, the company reported Tuesday. Quarterly sales edged up 24% to 10.5 trillion yen ($74 billion) as vehicle sales improved on-year across major markets, including Japan and North America.
