Toyota Posts Profit In April-to-june Quarter

Toyota posts profit in April-to-June quarter

Toyota Motor has managed to weather the global financial downturn of the coronavirus pandemic, posting a profit in the latest quarter.

The automaker's earnings report shows the group stayed in the black for the April-to-June period, despite recording a 40-percent decline in sales from a year earlier in yen terms.

Contraction Projected For Japan 1st Quarter

Contraction projected for Japan 1st quarter

Analysts believe Japan's GDP shrank in the January-March quarter due to the effects of the coronavirus outbreak.

Ten private research institutes project annualized growth rates of between minus 3.5 percent and minus 6.5 percent.