Apps | Mobile | Alerts
 

Toyota releases FY2014 financial report

(Courtesy: Toyota Motor Manufacturing)
(Courtesy: Toyota Motor Manufacturing)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/08 10:30 am
TOKYO (AP) — Toyota's fourth quarter profit dropped slightly despite higher vehicle sales and a weak yen as it spend more on research and development.

Toyota Motor Corp. reported Thursday a January-March profit of 297 billion yen ($2.9 billion), down from 313.9 billion yen a year earlier.

Quarterly sales rose 12.5 percent to 6.57 trillion yen ($64.5 billion).

The world's top automaker said extra costs, including research and development expenses, reduced its profit.

For the fiscal year, Toyota's profit almost doubled to 1.82 trillion yen ($17.9 billion) from 962 billion yen the previous year.

Annual sales jumped 16 percent to 25.69 trillion yen ($252 billion), thanks to growth in the U.S., Japan and the rest of Asia.

Toyota forecast a 1.78 trillion yen ($17.5 billion) profit for the fiscal year through March 2015.


Share
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.

Copyright 2014 WTVA Inc. | Terms Of Use | Privacy | EEO Report | FCC Public Inspection File