Toyota outshines lackluster market to report record net profit

Automaker keeps outlook unchanged as it announces 200bn yen share buyback

20191107 AUTOSHOW-GENEVA

Japan's largest automaker managed to push aside the hit it took from the strengthening yen to increase its net profit by 3%. © Reuters

Nikkei staff writers

TOKYO -- Toyota Motor on Thursday reported a 3% increase in net profit to a record 1.27 trillion yen ($11.7 billion) for the first half through September as successive launches of new models paid off in a lackluster global market.

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