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Japan Time 06:14 12 Dec 2017
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Toyota's FY 2013 group operating profit hits record 2.29 tril. yen

Toyota Motor Corp. said Thursday its group operating profit for fiscal 2013 surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America, but the auto maker expects a lacklustre performance for the current fiscal year partly due to negative impact from the sales tax hike in Japan. Operating profit in the fiscal year to March 31 exceeded the previous record of 2.27 trillion yen set in fiscal 2007 before the global financial crisis triggered by the collapse of Lehman Brothers Holdings Inc. in September 2008. The world's top-selling auto maker said its group net profit soared 89.5 percent to a record 1.82 trillion yen on sales of 25.69 trillion yen, up 16.4 percent, also on cost-cutting efforts and favourable effects of the introduction of new vehicles.
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