Read more about Toyota s profit soared in Jan-March qtr to $7 bn amid Covid-19 pandemic on Business Standard. Toyota reported its profit more than doubled in January-March from a year earlier to 777 billion yen ($7 billion), as the Japanese automaker s sales recovered from the pandemic
By YURI KAGEYAMAMay 12, 2021 GMT
The company logo adorns a sign outside a Toyota dealership Sunday, March 21, 2021, in Lakewood, Colo. Toyota reported Wednesday, May 12, 2021, its January-March profit more than doubled from the previous year to 777 billion yen ($7 billion), as the Japanese automaker’s sales gradually recovered from the damage of the coronavirus pandemic. (AP Photo/David Zalubowski)
The company logo adorns a sign outside a Toyota dealership Sunday, March 21, 2021, in Lakewood, Colo. Toyota reported Wednesday, May 12, 2021, its January-March profit more than doubled from the previous year to 777 billion yen ($7 billion), as the Japanese automaker’s sales gradually recovered from the damage of the coronavirus pandemic. (AP Photo/David Zalubowski)
Toyota unveiled a $2.3 billion share buyback and expects to return to pre-pandemic profitability in the current fiscal year as its ability to keep churning.
Yuri Kageyama
The company logo adorns a sign outside a Toyota dealership Sunday, March 21, 2021, in Lakewood, Colo. Toyota reported Wednesday, May 12, 2021, its January-March profit more than doubled from the previous year to 777 billion yen ($7 billion), as the Japanese automakerâs sales gradually recovered from the damage of the coronavirus pandemic. (AP Photo/David Zalubowski) May 12, 2021 - 12:32 AM
TOKYO (AP) â Toyota reported Wednesday its profit more than doubled in January-March from a year earlier to 777 billion yen ($7 billion), as the Japanese automakerâs sales recovered from the pandemic.
Toyota Motor Corp. s profit in January-March 2020 was 327 billion yen. Quarterly sales rose 11% on year to nearly 7.7 trillion yen ($71 billion) from 6.9 trillion yen a year earlier, the company said.
Toyota roars back with robust profit forecast and share buyback Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Toyota Motor Corp. has bounced back quicker than its competitors, and also successfully weathered a chip shortage that has forced rivals to slash production targets. | BLOOMBERG
AFP-Jiji, Bloomberg May 12, 2021
Toyota Motor Corp.’s full-year net profit jumped 10.3% even as the pandemic hit the auto industry, the firm said Wednesday, projecting growth despite the ongoing semiconductor crisis.
The global pandemic has hit automakers hard, with demand collapsing as the coronavirus forced people indoors and hit spending.