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Over 30% of Japanese companies revise net profit forecasts higher

Auto sector leads listed corporations but overall FY2020 results seen 30% lower

Yaris models proceed along a production line at Toyota's Iwate factory. Japanese automakers are among manufacturers raising their fiscal year profit forecasts.

TOKYO -- Over 30% of listed companies in Japan have upwardly revised their net profit forecasts for the fiscal year ending March, according to Nikkei research, with the trend largely led by Japanese manufacturers that sell products globally such as carmakers.

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