(MENAFN) Toyota Motor Corp. registered record group operating and net profits for the first fiscal half ended September, raising its full-year forecast as it expects greater effects from cost cutting and a weaker yen, QNA reported.
The company posted a group operating profit of USD11.88 billion in the six months ended in September 30, up 7.7 percent from a year earlier. Its group net profit grew 12.6 percent to USD9.94 billion in the first half, local media reported.
Toyota's cost-cutting efforts, a windfall from the weaker yen and solid sales in North America offset its sluggish domestic sales in the April-September period.
The Japanese company raised its group operating profit outlook for the fiscal year through March to USD22.01 billion from USD20.25 billion and improved its group net profit forecast to USD17.61 billion from its previous estimate USD15.67 billion, reaching the USD17.61 billion mark for the first time in its history.
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