“Toyota’s profits rise 78% on strong sales as the parts crunch eases”
August 1, 2023
“…Toyota Motor Corp.’s April-June net profit rose 78% from 736.8 billion yen the previous year, the company reported Tuesday. Quarterly sales edged up 24% to 10.5 trillion yen ($74 billion) as vehicle sales improved on-year across major markets, including Japan and North America…
Quarterly sales totaled 2.3 million vehicles, up from 2 million the previous year. Demand for its hybrid models was especially strong. Toyota has long been a leader in hybrids, which switch back and forth between an electric motor and gas engine to deliver higher mileage…
Toyota maintained its annual forecast to earn 2.58 trillion yen ($18 billion), up 5% from the previous fiscal year, on 38 trillion yen ($267 billion) in sales, up 2%…”
https://finance.yahoo.com/news/toyotas-profits-rise-78-strong-063411693.html
So the supply chain is improving? If so that’s good.