Toyota Motor Corp. (TYT.L, TM) said its first-quarter sales volume increased in all regions due to productivity improvement efforts promoted with suppliers, in addition to an improvement in the supply and demand situation for semiconductors. As a result of selling each car meticulously at prices that match the product appeal refined through Toyota's making ever-better cars initiative, operating income increased which helped reduce the impact of the sharp rise in materials prices, the company said. Excluding the overall impact of foreign exchange rates, swap valuation gains and losses and other factors, first-quarter operating income improved 375 billion yen year on year.
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