Toyota recently announced its latest quarterly growth report, which revealed another impressive period of growth for the world’s most profitable automaker. Overall revenues increased by 15.7% to a record-breaking $55.7 billion. Operating profits surged by up to 31.8% to $5.7 billion. Toyota’s operating margins also rose by 10.4% from 9.1% from the same period last year. This is the best record for any major automaker. Honda Motors comes in second at 7.6% for the same period.

With its latest record, Toyota Motors beat its own long-term goal of 10%, which was outlined by Toyota Motors President Katsuaki Watanabe. "Their profitability improvement is amazing," says Yasuhiro Matsumoto, any analyst at Tokyo’s Shinsei Securities. However, one of Toyota’s few concerns is ironically its own home market where sluggish sales dipped 43,000 to 500,000 units. Toyota hopes to reverse the trend with new model launches at the Toyota Motor Show later this year.