The world’s largest automobile manufacturer reported unexpected profits last quarter, attributing the surprise gains to government efforts favoring environment-friendly automobiles and products.

Toyota, in its latest financial reports, details a net income for the July-Sept 2009 quarter of about $242 million, the company’s first positive quarter since they reported negative figures three quarters prior. The positive marks showcased by Toyota also mirror recent gains reported by industry mainstays such as Nissan and Honda.

Granted, the income reported by Toyota is remarkably low as compared to its matching quarter from last 2008 (about an 84% reduction), but the idea that the company is actually gaining is a welcome indicator of hopeful economic recovery after the negative market impacts due to the recent economic depression.

Toyota, accompanied by these latest results, is now able to cut their projected losses for the coming periods, and may just exhibit excellent performance gains as opposed to their performance last year, considered to be the worst period for Toyota in its 72-year history.

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