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Toyota prepares for growth lull

Despite a strong end to the year, Toyota remains cautious and has issued a subdued forecast for the current fiscal year.

Foreign exchange gains just sent Toyota's net income to a new record high of ¥1.82tr (US$17.89bn) in the fiscal year ended 31 March 2014, compared to ¥962.1bn the previous year. The OEM's operating profit rocketed 74% to ¥1.32tr, with income before taxes of ¥2.44tr.

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