Toyota Motor Corp. announced Monday that its consolidated pretax profits jumped 14.5 percent from last year to a record 1.113 trillion yen during the 2001 business year, becoming the first Japanese company ever to post pretax profits exceeding 1 trillion yen.
The top domestic automaker also posted records in group profits and sales, thanks to its cost reduction efforts, favorable sales in the North American markets as well as the weakened yen.
For the business year that ended March 31, Toyota's consolidated operating profits jumped 29.1 percent from last year to a record 1.123 trillion yen.
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