Toyota full-year net profit reaches $9.7B on weak yen

TOKYO: Toyota last week said its full-year net profit more than tripled to $9.7 billion, with a weak yen and cost-cutting measures helping inflate the bottom line for the world’s biggest carmaker.

The Japanese giant also said it was on track for another soaring profit in the current fiscal year, underscoring the recovery among the nation’s major carmakers after the 2011 quake-tsunami disaster devastated sales and production, and highlighting strong demand in key Asian and US markets.