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Toyota Motor Corp. reported a 47.6 percent drop in quarterly profit, hit by slumping Japanese car sales and a high yen that underlined its exposure to loss-making exports.

But the company still lifted its forecast as cost cuts kicked in.

Domestic rival Nissan Motor Co. is seen suffering a drop in October-December profits and Honda Motor Co. has already posted weaker results for the period.



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Toyota Profits Hit The Skids - Down 47% For Quarter

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