	nippon oil sees sharply lower sales and profits nippon oil co ltd npol t predicted parent company net profit of about nine billion yen in the year ending march down pct from a year earlier president yasuoki takeuchi told a press conference current profit for the year was estimated at to billion yen down to pct from a year earlier he said takeuchi said sales are expected to fall pct to billion yen for the fifth consecutive year on year drop this year s fall was due to lower selling prices for end users which more than offset the yen s appreciation the company will retain six yen dividend for reuter 
