Toyota

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Toyota lifts profit forecast

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Toyota's first quarter net profit jumped 11% thanks to strong sales in its home country and the U.S.

The Japanese auto maker also raised its full year profit forecast, helped by a weaker yen.

The result follows a mixed session across Asian markets. Japan’s Nikkei index closed down 0.4% while South Korea’s Kospi added 0.4%, and Hong Kong’s Hang Seng finished the week flat.

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Toyota annual profit slides 21%

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Japanese carmaker Toyota has reported a 21% fall in annual profit for the year to March - the firm's first fall in profit in five years.

Toyota has also said that earnings for the current financial year will come in lower, citing the strength of the Japanese currency.