Another success of Toyota

Japanese automaker Toyota Motor Corp., the world's largest, in the first quarter of fiscal year 2015 net profit increased by 4.6% due to higher sales in North America and Europe, which compensated for the drop in Japan because of the tax increase. 

According to a press release, in April-June net profit was 587.77 billion yen ($ 5.73 billion) against 562.1 billion yen in the same period a year earlier. Operating profit increased by 4.4% - up to 692.728 billion yen ($ 6.72 billion). Revenue increased by 2.2% to 6.391 trillion yen. 

The company expects operating profit for the year of 2.3 billion yen (up 0.3%) and revenues - 25.7 trillion yen (at the level of the previous year). The forecast is based on the average rate of 101 yen per dollar and 136 yen per euro.