Toyota's record Q1 net profit comes on weak yen and despite sales drop

TOKYO -- Toyota Motor on Thursday reported a record-high net profit of 1.3 trillion yen ($8.9 billion) for the April-June quarter, up 1.7% from the year-earlier period. The weak yen boosted the iconic automaker's profit despite sales in Japan having turned sluggish due to three models being sidelined following safety test irregularities in June.