TOKYO -- Amid concerns of higher raw material prices and prolonged semiconductor shortages, Toyota Motor expects a net income of 2.26 trillion yen ($17.4 billion) for the current business year through next March, down 20.7% annually.
Automobiles
Toyota sees profit sliding 21% amid 'unprecedented' cost surge
Japan auto giant's forecast reflects rising raw material prices and chip shortages
Toyota expects to be hindered by supply chain disruptions in the year ahead but boosted by Japan's weakening currency. (Photo by Yuki Nakao)
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