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Toyota reports booming sales but stays cautious on profit because of various costs

Summary by WANE-TV

TOKYO (AP) — Japan’s top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal. Toyota Motor Corp.’s January-March net profit totaled 664.6 billion yen ($4.6 billion), down from 997.6 billion yen the same period a year ago. Quarterly sales totaled 12.36 trillion yen ($85.9 billion), up from 11 trillion yen. Toyota has been str…

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Toyota reports booming sales but stays cautious on profit because of various costs

Japan’s top automaker Toyota is reporting record sales for the fiscal year through March, but its profit for the latest quarter faltered partly because of a certification scandal.

15 hours ago·United States

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