Toyota sees quarterly profit, sales rise, lowers forecast

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Toyota sees quarterly profit, sales rise, lowers forecastToyota reported a nearly 4% increase in fiscal first quarter profit on improved sales, but Japan's top automaker slightly lowered its full year forecasts because of unfavorable currency exchange rates. Toyota Motor Corp.'s said Friday its April-June profit totaled 682.9 billion yen ($6.4 billion), up from 657.3 billion yen the same period last year. Toyota lowered its profit forecast for the fiscal year through March 2020 to 2.15 trillion yen ($20 billion), down from its earlier forecast for 2.25 trillion yen ($21 billion) profit.

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