Toyota faces 26pc drop in H1 profit but keeps annual forecast unchanged

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TOKYO, Nov 6 — Japanese auto giant Toyota kept its annual net profit forecast unchanged today, despite logging a 26 per...

Toyota also said today that fluctuations in the value of the yen had caused “valuation losses in foreign currency-denominated assets”.

In fact at the same time “the effects of foreign exchange rates, cost reduction efforts, and marketing efforts increased operating income”, it added.

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Category: EconomyBusiness

Markets: MalaysiaIndiaJapanUnited States

Topics: Toyota Forecast Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-11-06 @ 14:40:53 (2 hours ago)

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News Source URL: malaymail.com

Language: English

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