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Storage battery maker Yuasa Corp. said Wednesday it has revised downward its group earnings forecasts for both the first half and full year of fiscal 2001 due to falling sales in its core battery business.

The company said prices and sales of batteries are continuing to fall amid stagnating consumer spending and business investment. Appraisal losses of 1.4 billion yen on its securities holdings were also behind the downward earnings revision, it said.

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