Toyota’s net profit in the first three quarters was 2.3 trillion yen, a record high

According to Kyodo news, Toyota Motor Corporation released its consolidated financial report for the first three quarters of fiscal year 2021 (from April to December) on the 9th. Its sales increased by 19.2% to 23.2670 trillion yen (about 1.28 trillion yuan) compared with the same period of the previous year, and its net profit increased by 57.8% to 2.3162 trillion yen. These two items both hit record highs in the first three fiscal quarters. Due to the depressed car sales of covid-19 epidemic in North America and Asia, the decline of the yen and the appreciation of the US dollar also played a driving role.