Toyota has posted quarterly financial results that show revenues up on last year by over 2 trillion yen to 10.55 trillion yen and operating profit up by 542 billion yen to 1.12 trillion yen.

Increased sales on last year’s depressed levels boosted profits. Toyota said sales volume increased in all regions due to productivity improvement efforts promoted with suppliers, in addition to an improvement in the supply and demand situation for semiconductors. There

Toyota reported that its vehicle sales for the fiscal first quarter were up 15.5% on last year to 2.3 million units. If Lexus is added, sales were at 2.54 million, some 8.4% ahead of last year's Q1. Electrified vehicles were at 34.2% of Toyota and Lexus sales (868,000) compared with 28.5% (668,000) in the same quarter of last year. Within that, BEVs were at 29,000 versus just 4,000 last year.

Toyota maintained its forecast for a 3.0 trillion yen profit for the current financial year.