• AFP-Jiji

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Toyota Motor Corp. on Wednesday logged a forecast-beating net profit of ¥791.7 billion ($6.8 billion) for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.

The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, left its annual net profit forecast unchanged but slightly lowered its full-year vehicle sales and production targets.

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