Toyota's Profits Soar on Strong Sales and Weak Yen
TL;DR
Toyota has reported a doubling of its operating profit for the first quarter of 2021, thanks to a weak yen that boosted sales. The Japanese automaker's operating profit reached ¥997.49 billion ($9.15 billion), beating market expectations. Toyota also raised its full-year operating profit forecast by 54% to ¥2.5 trillion ($22.9 billion), citing strong sales in China and the US.
- Live news: Toyota doubles operating profit as weak yen boosts sales Financial Times
- Toyota set to ride robust demand, weak yen to bumper profit Yahoo Finance
- Toyota sales and output hit record Automotive News
- Toyota Raises Profit Forecast 50% on Weak Yen, Record Sales Bloomberg
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