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(Update) Toyota Cuts Profit Estimate on Stock Loss

(Update) Toyota Cuts Profit Estimate on Stock Loss

   Tokyo, Feb. 6 (Jiji Press)--Toyota Motor Corp. <7203> on Wednesday lowered its net profit forecast for the year ending next month, citing appraisal losses on its shareholdings as stock prices fell late last year.
   The Japanese automaker now expects consolidated net profit to decline 25 pct from the previous year to 1.87 trillion yen, down 430 billion yen from its previous projection, on a stock appraisal loss of 310 billion yen.

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