Toyota: Stronger Yen Will Drive Fiscal Year Profit Down – Wall Street Journal

Posted: Wednesday, May 11, 2016

TOKYO—Toyota Motor Corp. posted its third straight year of record profit for the year that ended in March, with help from a weak yen and solid demand from the U.S., its biggest market.

The world’s best-selling auto maker on Wednesday said annual net profit rose 6.4% to 2.31 trillion yen ($21.3 billion) from ¥2.17 trillion a year earlier.

But Toyota said its profit winning streak is coming to an end. For the current financial…

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