• Kyodo

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Nissan Motor Co. said Thursday it logged a net profit of ¥215.53 billion ($1.67 billion) in the last fiscal year, returning to the black after two straight years of massive losses, as its earnings were helped by a weaker yen against the U.S. dollar.

The automaker said it expects net profit to fall 30.4% to ¥150 billion for the current business year through March 2023 amid a global shortage of semiconductors and surging raw material prices.

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