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Bearings maker NSK Ltd. said Wednesday it now expects to report only a quarter of its earlier projected consolidated net profit for the 2001 business year due mainly to declining demand from information technology firms.

The nation’s largest manufacturer of bearings said it expects its group to post a net profit of 3 billion yen and pretax profit of 1.5 billion yen on sales of 490 billion yen for the 12 months to March 31.

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