Toyota is the first big-name company to release its full financial details about its financing arm in a quarterly filing.
The company disclosed its quarterly financial results for the quarter ending June 30, with sales of more than $2.8 trillion for the year ending March 31.
Toyota said it expects to earn about $1.6 billion in net income on revenue of $3.7 billion for the full year.
That compares with $1 billion in the first quarter of last year.
Toyotas sales rose 12.4% year-on-year in the quarter, with a 13.9% increase in sales of luxury vehicles, the biggest increase in the world.
Toyohashi says the car maker’s strategy is to provide a more affordable and flexible product line.
Toyolgos sales were up 10.7% year on year, driven by higher demand for the new Corolla sedan and a surge in new sales of the Toyota Corolla Hybrid, which is a smaller version of the more popular Corolla.
Sales of the Corolla were down from the quarter before, when it had a sales peak.
Toyos revenues fell 9.4%, due in part to higher vehicle prices.
Toyonos sales of its premium sedan, the Corollas, fell 9% year to date.
Toyota says the Corolas were a good sales success and that it plans to release more Corollans.
In Japan, sales of Corolla fell 12% from the year before, with more than 6 million vehicles sold.
Toyan sales of Lexus fell 10.6% year over year, to $1,082.6 million.
Toyota said that was because of a slowdown in sales for the brand’s new SUV, the Lexus RX, which was announced last year and has yet to hit Japanese markets.
The automaker says the RX has a “substantial margin” of growth in the U.S., where it is currently selling a number of models.
Toyans sales of Toyota’s Lexus luxury SUV, which will be called the RX, have fallen to 558,000.
Toyanol and Toyota’s parent company, Toyota Motor Corp, are both seeking to gain market share in China.
Toyota’s sales of a car to the country’s government, which it owns, fell 15% year through year in the fourth quarter of 2016.