Toyota's profit more than doubled to 313.9 billion yen (Pounds 2 billion) in the
January-March quarter as cost cuts and better sales worked with a weakening yen
to add momentum to the car maker's comeback.
Toyota, which employs 500 people at an engine plant in Deeside, reported a 121 billion yen (Pounds 790 million) profit for the same quarter last year.
The world's top-selling car maker said it expects the strong results to continue into the fiscal year through to next March.
It projected a 1.37 trillion yen (Pounds 8.9 billion) profit, up from 962 billion yen (Pounds 6.2 billion) the previous year.
A recent plunge in the yen, brought about by the economic and monetary policies of prime minister Shinzo Abe, who took office late last year, has been a boon for Japanese exporters such as Toyota.
But company president Akio Toyoda warned competition remains tough.
Most Popular Stories
- 5 Notable Hispanic Technology Executives
- Top Hispanic Tech Companies Push for the Top
- Tesla's Alt-Energy Future Aims for Massive Lithium-Ion Battery Production
- Rand Paul Tops Presidential Straw Poll at Conservative PAC Conference
- Russia, Crimea Discuss Referendum
- China Urges Malaysia Flight Emergency Response
- New Chat App, Yik Yak, Causes Problems for Students
- Gas Prices May Jump from Calif. Emissions Law
- Obama Meets with Ukraine Prime Minister Wednesday
- Visa, MasterCard Team Up to Focus on Payment Security