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06/14/2011 11:01 PM ID: 89732 Permalink   

Toyota Expects a 31 Percent Drop in Profit This Year Due to Quake


Automaker Toyota Motor Corp forecasts a larger-than-expected fall in operating profit due to the disastrous earthquake and the strong yen.

Since the earthquake, Toyota┬┤s shares have slumped 7.5 percent.

"Once our product supply is back to normal, we can compete with no problem. We have the resources and are fully charged," Toyota Chief Financial Officer Satoshi Ozawa said optimistically.

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