Toyota Motor Corporation, the world's leading automaker, is projected to report its first profit drop in two years on Wednesday, signaling a slowdown in demand following a period of robust earnings.

TOKYO (Reuters) - Toyota Motor posted a 20% decline in second-quarter profit on Wednesday, as slowing sales and production volume hurt results. The 1.2 trillion yen ($7.81 billion) operating profit compared to 1.4 trillion yen in the same period last year, and the 1.2 trillion yen average of nine analyst estimates compiled by LSEG.

Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year.

The world’s largest automaker by sales volume saw a 20% year-on-year drop in operating profit. The company maintained a full-year operating profit of 4.3 trillion yen. Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years,

Toyota Motor posted its first quarterly profit drop in two years on Wednesday, as slowing sales and production volume stalled the Japanese automaker's recent record run. Toyota's operating profit for the three months to end-September totalled 1.