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JAPAN
Toyota comes back in leaps and bounds
Doubling in nine months Group operating margin to 9.7 per cent
Published: Tue, 18 February 2014 18:30:02 GMT
 

Toyota stand Geneva 2013

Toyota, after retaining last year’s global vehicle sales crown by the narrowest of margins, has staged a remarkable comeback. 

Not just in terms of vehicle sales, but no less so on the closely watched financial front. 

Yen112.5bn
3rd quarter 2013 North American operating profit


Flattered by exceptional gains from the weaker yen, especially in the key US market, but also in Europe, Toyota closed out the first nine months of its fiscal year with bumper profits.

Its group operating profits in the nine months fiscal year period April 1 to December 31st last year
more than doubled to Yen1,855.9bn (€13.5bn) from Yen818.5bn during the same spell the year before. 
...more 


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