"May 10 (Bloomberg) -- Toyota Motor Corp., the world's largest automaker by market value, said fourth-quarter profit climbed 39 percent to a record, buoyed by a stronger dollar and rising U.S. sales of Avalon sedans and Scion compact cars.

Net income rose to 404 billion yen ($3.6 billion) in the three months ended March 31, compared with 291 billion yen a year earlier, Toyota said in a statement today. The company predicted profit of 1.31 trillion yen this fiscal year, down 4.1 percent from last year when it had a gain from the rising value of its stake in Japan's biggest bank.