TOKYO, May 10, 2023 (BSS/AFP) - Top-selling automaker Toyota said Wednesday its full-year net profit beat expectations and offered a comparatively upbeat forecast for the year ahead, in a sign supply chain disruptions may be easing.

The Japanese firm reported 2.45 trillion yen ($18.12 billion) in net profit for the fiscal year, down 14 percent from a year earlier but still beating its projections of 2.36 trillion. It also forecast increased sales and revenue for the year ahead.