Toyota Is on Track for Record Profit, CFO Disappointed


TOKYO—Toyota Motor Corp. said Tuesday it was on course for a record profit this fiscal year, but its executives weren’t celebrating because the gains came mostly from currency movements and one-time U.S. tax changes.

Japan’s largest car maker said it expected operating profit of ¥2.2 trillion ($20 billion) for the fiscal year ending in March, a 10% increase over the previous year.



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