Toyota posts 20% drop in Q2 operating profit

TOKYO (Reuters) – Toyota Motor (NYSE:) posted a 20% decline in second-quarter profit on Wednesday, as slowing sales and production volume hurt results.

The 1.2 trillion yen ($7.81 billion) operating profit compared to 1.4 trillion yen in the same period last year, and the 1.2 trillion yen average of nine analyst estimates compiled by LSEG.

($1 = 153.7100 yen)