Toyota Profits Quadruple to $1.2 Bil.
By wchung | 24 Mar, 2026
Toyota’s second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Toyota Motor Corp. reported July-September profit of 98.7 billion yen ($1.2 billion) on Friday, up dramatically from 21.8 billion yen profit a year earlier.
Quarterly sales edged up 5.8 percent to 4.807 trillion yen ($59.5 billion).
Like other Japanese exporters, Toyota is fighting damage from a strong yen that erodes the value of overseas earnings.
TOKYO (AP)
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