Toyota’s quarterly profit improves on strong sales

By Abbey Westbury
April 25 2025 01:47 PM

CP688386867 — FILE - In this May 13, 2015 file photo, Toyota Motor Corp. President Akio Toyoda, left, and Mazda Motor Corp. President Masamichi Kogai pose for photographers prior to a press conference in Tokyo. Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. are partnering in electric vehicles with a deal expected to be announced later Friday, Aug. 4, 2017. (AP Photo/Shizuo Kambayashi, File)

TOKYO – Toyota Motor Corp. says its fiscal first quarter profit rose 11 per cent as sales improved around the world, including in the U.S., Europe and Japan.

Toyota reported Friday an April-June profit of 613.0 billion yen ($5.6 billion), up from 552.4 billion yen a year earlier.

Quarterly sales rose 7 per cent to 7.05 trillion yen ($64 billion).

Toyota, which makes the Prius hybrid, Camry sedan and Lexus luxury models, sold 2.2 million vehicles for the quarter, an improvement of 42,000 vehicles on-year.

Toyota and Mazda Motor Corp. are set to announce a partnership, according to a source familiar with the matter.

The deal is expected to involve a joint-venture auto manufacturing plant in the U.S., working together on green technology and a capital alliance.

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