Toyota shares fall 3% despite higher net profit forecast

Investors worry cost surge will overwhelm boost from yen's depreciation

20220804 Toyota logo

Japan's Toyota, the world's largest automaker, is facing a shortage of semiconductors and other challenges. © Reuters

SHOICHIRO TAGUCHI, Nikkei staff writer

TOKYO -- Shares in Toyota Motors fell 3% on Thursday despite the carmaker raising its net profit forecast for the current fiscal year.

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