Toyota's operating profit exceeds $34 bn

10:55 - 8.05.2024

May 8, Fineko/ Toyota Motor's operating profit in fiscal year 2023 (April 2023 - March 2024) was 5.35 trillion yens ($34.4 bn).

ABC.AZ reports that the indicator also takes into account the results of manufacturers Daihatsu and Hino, which are part of the Toyota group of companies. It grew by 96.4% over the year, mainly due to the low exchange rate of the yen against the dollar. The group's net profit for the period amounted to 4.9 trillion yens ($31.5 bn), which also became an absolute record in its history.

Toyota Motor became the first company in the history of Japan whose operating profit for the year exceeded the 5 trillion yen mark.