Toyota: record net profit last fiscal year

Toyota has announced a record net profit for the full fiscal year ended March 31 rising by 6.4% to 2.31 trillion yen (18.7 billion euro). The first group global car, however, said he expected a for the first time in 5 years net profit down 35% in fiscal 2016, due to currency volatility.

Revenues were up by 4.3% to 28.403 billion yen compared with a decline in sales to 8,681,328,000 units (-290,536). Sales increased in North America, while in Europe, Asia and other regions have recorded pushups. Operating profit rose to 2.854 billion thanks to lower costs for bank 390 billion and a positive currency effect of 160 billion. "Lower costs and favorable exchange rates more than offset the decline in sales, the increase in labor costs and R & D expenses", said the vice president of Toyota, Takahiko Ijichi.