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Toyota Q1 Profit Plunges; Backs FY21 Operating Income, Sales Outlook

(RTTNews) - Japanese automaker Toyota Motor Corp. (TYT.L, TM) reported Thursday that its first-quarter attributable net income dropped 74.3 percent to 158.84 billion yen from 619.13 billion yen last year.

Earnings per share plunged to 56.87 yen from 216.19 yen a year ago.

Operating income for the first quarter decreased 98.1 percent to 13.92 billion yen from 740.61 billion yen last year.

Net revenues were 4.60 trillion yen, down 40.4 percent from 7.72 trillion yen in the prior year.

Vehicle sales were 1.16 million units, lower than 2.32 million units last year.
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