Toyota Motor Corp. reported a consolidated net profit of 222.59 billion yen in the April-June quarter, down 9.7 percent from the same period last year.
Its consolidated operating profit dropped 13.2 percent to 340.77 billion yen, while its consolidated pretax profit fell 12.1 percent to 371.28 billion yen.
The company attributed these falls to the yen's appreciation against the dollar, increased incentive payments to U.S. car dealers and changes to its model lineup.
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