Toyota posts record full-year net profit but issues cautious forecasts

Toyota Motor Corp. on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.

The Japanese auto giant, which kept its crown as the world’s top-selling carmaker in 2021, reported a net profit of ¥2.85 trillion, up 26.9% from the previous year.

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