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Toyota transitioning towards true competitiveness

Foreign exchange effects and strength in the US bolstered Toyota's FY performance, but considerable challenges lie ahead

Toyota has emerged from its last fiscal year with record profits despite a slowdown in unit sales. For the 12 months ending March 2015, its global vehicle sales fell by 144,169 units to 8,971,864 units, though consolidated net revenue jumped 6% year-on-year to ¥27.23tr (US$227bn). Operating income for the year rose by ¥458.5bn to ¥2.7505tr, while net income grew from ¥1.8231tr to ¥2.1733tr.

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