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TOYOTA HIKES ANNUAL PROFIT FORECAST AFTER Q3 BEATS EXPECTATIONS




Toyota Motor raised its full-year operating profit forecast by almost 9% on Tuesday, following third-quarter earnings that surpassed analysts' estimates. The strong performance was attributed to a weaker yen and robust sales of high-margin vehicles and hybrid cars. Toyota shares surged after the announcement, reversing early losses and closing 4.8% higher, marking the largest one-day gain in nearly eight months. The optimistic outlook from the world's leading automaker stands in contrast to downbeat forecasts from many competitors, who have cautioned about subdued sales growth and implemented production cuts amid high interest rates and declining demand for electric vehicles.

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