ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Toyota posts net profit of $1.5bn for April-June despite COVID

Carmaker remains bullish while rivals struggle with lackluster performance

In China, Toyota recorded a 1% rise in unit sales for January through July, compared with the same period last year.

TOKYO -- Toyota Motor posted a net profit of 158 billion yen ($1.5 billion) for the three months ended in June, the automaker said Thursday. That was down 74% from the previous year, but the Japanese automaker stayed in the black even as its peers had loss-making quarters due to the COVID-19 pandemic.

Revenue at Toyota for April to June came in at 4.6 trillion yen, down 40% from the previous year, while its operating profit, at 13.9 billion yen, was down 98%. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more