Toyota: Challenges ahead after record year
NHK -- May 10
Executives at Japan's biggest carmaker Toyota Motor say the firm posted record sales and net profit for the fiscal year that ended in March.

Group sales jumped 6.5% year-on-year to 268 billion dollars, due to strong performance in China and Europe.

Net profit increased 36% to about 23 billion dollars, a windfall that executives attribute partly to a corporate tax cut by US President Donald Trump.

Toyota's president Akio Toyoda said the firm will continue to invest to drive future growth.

Toyoda said, "I believe the development of electric vehicles, self-driving technology and connectivity will expand the possibilities of the automobile. It will be an era when Toyota's strengths can be utilized more effectively."

But the road ahead contains some twists for Toyota, as executives predict both sales and profit will decline for the first time in 2 fiscal years.

They expect group sales to fall 1.3 percent amid sluggish demand in US and Japan and they forecast net profit will drop 15% as a stronger yen hits earnings from exports.

トヨタ自動車は、2017年度の最終利益が過去最高の約2兆5000億円だったと発表しました。売上高も約29兆4000億円で、過去最高となりました。 トヨタは、アメリカの税制改正の影響や原価の改善などにより、最終利益が前の年度に比べて約4割増となる2兆4939億円となりました。
News sources: NHK, ANNnewsCH
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