Toyota posts record Q1 net profit of $8.9bn, up 1.7% on weak yen

TOKYO -- Toyota Motor on Thursday reported a record-high net profit of 1.3 trillion yen ($8.9 billion) for the April-June quarter, up 1.7% from the year-earlier period. The weak yen boosted the iconic automaker's profit despite sales in Japan having turned sluggish due to three models being sidelined following safety test irregularities in June.

Toyota posted operating income of 1.3 trillion yen, up 17% year-on-year, with revenue of 11.8 trillion yen, up 12%. Both figures are first-quarter records.