Toyota Net Profit Grows 500%S To 897.83B Yen In First Half Of 2021

Toyota Motor Corp. on Wednesday reported a 5.6-fold year-on-year increase in net profit to a record 897.83 billion yen ($8.2 billion) in the April-June quarter, fueled by robust overseas sales and favorable currency rates, Mainichi Japan reported late on August 4, 2021.

Photo Insert: The Toyota bZ4X Concept

Despite a global shortage of semiconductors casting a pall over the auto industry, Toyota's sales grew 72.5 percent to 7.94 trillion yen in the quarter, leaving the initial fallout of the coronavirus pandemic behind.

Operating profit in the three months to June 30 stood at 997.49 billion yen, surging from 13.92 billion yen a year earlier.

The major Japanese automaker maintained its forecast for the full year through March 2022, with net profit expected to rise 2.4 percent to 2.3 trillion yen.

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