TOKYO -- Toyota Motor on Thursday said net profit for the April-December period in the current fiscal year ending in March was 1.89 trillion yen ($14.4 billion), down 18% from the previous year, as it struggled to improve operations amid continuing chip shortages and high material costs.
The world's top-selling automaker kept its full-year net profit outlook unchanged at 2.36 trillion yen, down 17.2% from the previous year, but said it expected the effects of material cost increases to ease by 50 billion yen.
