TOKYO -- Net profit topped the market forecast for 70% of surveyed Japanese companies in the April-June quarter, led by the automobile and artificial intelligence fields, as many of them rode the tailwind of the weak yen.
Business trends
70% of Japan companies beat market profit forecasts for April-June
Toyota, Hitachi and others lifted by weak yen and foreign demand
Toyota's net profit for April-June increased 2% year-on-year despite the market forecasting a 7% decline. © Reuters
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