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Business trends

Japan's 'China-heavy' companies take larger hit to profits

World's second-largest economy is now a vital market, not just a workshop

An assembly line at one of Japanese robot maker Fanuc's factories. The effects of the trade war have slowed Chinese orders for Japanese-made industrial equipment.

TOKYO -- Japanese multinationals heavily invested in China are suffering a sharper earnings contraction than listed companies overall, their latest earnings reports show.

Net profit among components of the Nikkei China Related Stock 50 index -- which tracks the most active names expanding in China, such as Panasonic, Komatsu and Nissan Motor -- fell 8% on the year for the three quarters ended in December. This compares a with 2.9% drop for Japanese listed companies overall, based on results issued as of Thursday.

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