Toyota’s profit more than doubled to 313.9bn yen (€2.4bn) in the January-March quarter as cost cuts and better sales worked with a weakening yen to add momentum to the car maker’s comeback.
Toyota reported a 121bn yen profit for the same quarter last year.
The world’s top-selling car maker said it expects the strong results to continue into the fiscal year through to next March.
It projected a 1.37tn yen profit, up from 962bn yen the previous year.
A recent plunge in the yen, brought about by the economic and monetary policies of prime minister Shinzo Abe, who took office late last year, has been a boon for Japanese exporters such as Toyota.
But company president Akio Toyoda warned competition remains tough.