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EARNINGS

December 23, 1987

Mazda Motor Corp.'s earnings fell 45.5% to $35.2 million (4.438 billion yen) for the year ended Oct. 31. The Japanese company blamed the decline on its heavy reliance on exports, which accounted for about 70% of its business, and the increasing value of the yen. Sales were down 1.4% to $12.7 billion (1.602 trillion yen).

Tables, Page 7

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