The Japanese carmaker Toyota has achieved in the past financial year a record profit. As of – in terms of sales – the world’s largest automaker on Friday after market close announced the profit increased by around 19 percent to the equivalent of about 16 billion euros. The main reason is the weak Yen: Thanks to the favorable exchange rate and cost savings declines in sales were offset.
Analysts had indeed the Group have expected more, but it is also so for the third year in a row with a record high. Toyota is back on the path to sustainable growth, said Toyota boss Akio Toyoda in Tokyo, the coming year is “crucial” for the question whether the consolidated further grow or will be forced to shrink.The world’s largest automaker – before Volkswagen and General Motors – expects the current financial year 2015/16 with a profit increase of 3.5 percent. The profit growth is expected to decline mainly due to savings. Because Toyota is forecasting a slight decline in sales 2015/16 to 10.15 million vehicles. The year before, there were 10.17 million pieces. Increases are expected, particularly in North America. Declines should give it, however, in its home market as well as in Europe.
Toyota had stopped by an unprecedented series of recalls its expansion, opened no new factories, focusing on quality control and cost reductions. The pause in growth has recently been completed, announced last month, Toyota 
the establishment of a new plant in Mexico, to be built in the cars for the lucrative market in North America – as well as a factory in the future market of China
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