Its net profit for the year doubled to a record
The record figures came despite a series of quality sandals at its subsidiary
For the current business year ending March next year, the company projects its net profit to fall 27.8 percent to
"We will spend time and money necessary" for addressing issues related to the group firms' safety test rigging, which resulted in temporary shipment halt, Toyota President
The group's vehicle sales, including those of its subsidiaries
A recent slowdown in sales of electric cars worldwide due partly to limited charging station availability and a shorter range than conventional cars, has been a tailwind for the automaker's hybrid cars.
For the Toyota and Lexus brands alone, sales of gasoline-electric hybrid vehicles jumped 32.1 percent to 3.59 million units, the automaker said.
The automaker also benefited from the yen's depreciation, which boosted its operating profit by
For the year ending March next year, the company's earnings outlook is based on an average
The automaker group plans to sell 10.95 million vehicles worldwide for the year, down 1.3 percent from the previous year, it said.
==Kyodo
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