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Japan-Update

Bandai Namco's dividend hike catches market off guard

Optimism over earnings likely behind the decision to share more of the wealth

A virtual reality amusement center operated by Bandai Namco. The company has come under fire for hoarding cash.

TOKYO -- Bandai Namco Holdings' move this month to significantly increase returns to shareholders, supported by confidence in future earnings, came largely as a surprise to market participants.

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