JAPAN: One-time gain boosts Toyota Q1 profit 117%
Toyota Motor Corporation today announced that net income for its first fiscal quarter ended June 30, 2002 was 117% up at 352.3 billion yen compared to 162.3 billion yen in the first quarter of last year. However, during the quarter Toyota recorded a one-time gain of 187.7 billion yen resulting from the transfer of a portion of the company's pension obligations to the Japanese government.
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