Toyota logs record April-Dec net profit, backed by weaker yen

Toyota Motor Corp. on Wednesday reported a record net profit of 2.32 trillion yen ($20.10 billion) for the April-December period, up 57.8 percent from a year earlier, supported by a weaker yen as the automaker makes a gradual sales recovery from the coronavirus pandemic.Toyota's operating profit soared 67.9 percent to 2.53 trillion yen in the first nine months, also an all-time high, despite an ongoing global semiconductor shortage and higher material costs.Its sales grew 19.2 percent to 23.27 trillion yen, while other major Japanese automakers have likewise been slowly recovering from the …READ FULL ARTICLE