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Toyota stock slumps despite weaker yen and record profit

TOKYO -- Toyota's share price has slipped about 10% in the past six weeks even as the yen has weakened, running counter to the conventional wisdom that a softer currency helps to buoy Japanese stocks.

The automaker reported Wednesday a record operating profit for the fiscal year ended March 31, becoming the first Japanese company to top 5 trillion yen ($32 billion). But Toyota stock fell 2.9% on Friday.