Toyota will likely post a 40 percent slide in annual profit, missing its profit estimates on weak sales in North America and slower growth in China, the Nikkei business daily reported.The Yomiuri newspaper reported that the world's biggest automaker was set to revise down its forecasts and plans to reduce output in Europe.
Toyota's operating profit was likely to be around 1.3 trillion yen ($12.8 billion), below its current forecast of 1.6 trillion yen, the Nikkei said.
A Reuters Estimates consensus forecast from 20 analysts puts Toyota's operating profit at 1.63 trillion yen.
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