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Toshiba has issued a statement revising forecasts for its financial year, ending 31 March. It expects turnover to stand at Y3,400 billion, with no recurring profit and a net loss of Y20 billion. Last year, Toshiba forecast that turnover would stand at Y3,500 billion, with Y15 billion recurring profit and Y12 billion net income. Toshiba blamed the problems on "the recent appreciation of the Japanese yen and lower demand in Japan for information and computer systems." In a separate announcement, Fujitsu has warned that full-year sales and profit would be lower than expected. Falling domestic sales were cited as the reason and are expected to fall by 25 per cent to Y455 billion. This would be offset by an increase in overseas business by 18 per cent toY310 billion the company said. ®

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