The weak yen and prolonged cost-cutting efforts are contributing to Mazda Motor Corp.’s forecasted profit rebound. The Japanese auto maker reportedly has raised its group net profit outlook an astounding 554% to ¥8.5 billion ($65 million) for the fiscal year that ended March 31. Operating profits are forecast to reach ¥28 billion ($214 million), from ¥17 billion ($130 million) a year ago. Such results would mark the most pronounced year-on-year turnaround in Mazda’s history. Chief ...

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