Category: Finance

Toyota Profit Doubles As Yen Depreciates

The yen’s depreciation helped Toyota Motor Corp. double its fourth-quarter net profit. The automaker posted a net profit of 313.9 billion yen ($3.17 billion), compared to the 121 billion yen in the same period last year. Toyota gained an annual operating profit of 1.32 trillion yen ($13.32 billion), with an operating margin of 5.98 percent,