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Sharp gives tarnished Japan Inc. a rare piece of good news

Dividend payments could follow company's return to TSE's first section

OSAKA/TOKYO -- Forgive Sharp if it blushes, but it suddenly finds itself in position to convince investors to put their money into Japanese shares.

The Japan-based, Taiwanese-owned electronics maker on Dec. 7 returned to the Tokyo Stock Exchange's first section, 16 months after it was demoted to the second section. Sharp's shares ended that day's session at 3,805 yen, up fourfold since it got the boot and taking into account a reverse stock split earlier this year. By Monday, the shares had fallen back slightly to 3,775 yen.

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