Cost reduction 'part of Toyota's true values'

Cost reduction efforts have boosted Toyota’s operating income by 165bn yen ($1.5bn).

In the company’s financial results for the 12 months to 31 March 2018, Toyota said operating income was up 20.3% to Y2.4tn ($21.9bn) on revenues of Y29.4tn ($268bn), which were up Y1.8tn ($16.3bn) on the same period last year.

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Cost reduction 'part of Toyota's true values'

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