TOKYO -- Toyota Motor on Wednesday reported a net profit of 1.91 trillion yen ($12.4 billion) for the first half of the current fiscal year, down 26.4% from the same period last year. The carmaker's performance was pressured by the strengthening of the yen and lagging sales, especially in Japan and China.
The operating profit for the six months was 2.46 trillion yen, down 3.7% compared to the first half of 2023. For the July-September quarter alone, Toyota posted an operating profit of 1.16 trillion yen, down around 20% year on year, a fall in quarterly profit for the first time since 2022. For the year-earlier quarter, it posted a 1.44 trillion yen profit.
