Toyota suffered a slip in profits as manufacturing and supply chain headaches constrained production and pushed up costs in its first fiscal quarter.
The Japanese carmaker’s operating profit slumped by 42% to 578.6 billion yen (£3.54bn) in the three-month period to June 30, despite a 7% increase in revenue to 8.49 trillion yen (£51.9bn).
Operating profit margin declined from 12.6% to 6.8% year-on-year, meanwhile, as net income fell 18% to 736.8 billion yen (£4.5bn).
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