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Business trends

Japan Inc. thrives in quarterly profit but wary about full year

Companies hesitate to upgrade annual outlook as trade uncertainties loom

Japanese corporations posted strong results for the April-June quarter, but many remain cautious about the future due to concerns over trade conflicts.
Japanese corporations posted strong results for the April-June quarter, but many remain cautious about the future due to concerns over trade conflicts. (Photo by Hirofumi Yamamoto)

TOKYO -- One in four Japanese companies reported record-breaking profit for the quarter ended in June, marking a strong start to a fiscal year fraught with trade concerns.

Of 589 nonfinancial companies that had submitted quarterly earnings by Wednesday, profit went up at 55%. Combined net profit climbed 5%, up for an eighth straight quarter.

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