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Toyota posts ¥1.48 trillion quarterly net profit as weak yen and overseas demand lift results

Toyota reported net profit of 1.48 trillion yen for fiscal 2024 first quarter (April–June), up 76% from a year earlier, on revenue of 13.5 trillion yen, up 10%. A weaker yen generated 345 billion yen in foreign-exchange gains, providing a significant boost to earnings. Global sales slipped slightly to 2.39 million vehicles, but the company raised its full-year sales outlook to 9.7 million vehicles. The results underscore how yen depreciation can benefit Japan’s export-heavy firms and is seen as a direct positive for Japan’s equity market and related stock indexes.
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