Toyota Motor Corp. sidestepped stagnating sales to post double-digit profit increases in the July-September quarter, thanks to advantageous exchange rates and big cost cuts.The company trimmed its full-year sales outlook but it raised its profit and revenue forecasts to new record levels, with the Japanese yen weakening faster than anticipated.
Net income jumped 23 percent to 539.0 billion yen ($4.93 billion) in the company’s fiscal second quarter ended Sept. 30, compared with 438.4 billion yen ($4.01 billion) a year earlier.
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