Toyota Motor Corp. on Wednesday reported the first increases in two years in both pretax profits and sales on a consolidated basis for fiscal 1999, which ended March 31.
Company officials attributed the profit rebound mainly to increased sales and reduction of operation costs.
The carmaker's group pretax profits increased 3.3 percent from the previous year to 797 billion yen, and group sales rose 1 percent to 12.88 trillion yen.