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Daito Trust Construction's profit seen clearing 100bn yen

Apartment boom spurs strong April-December period, but troubling signs appear

TOKYO -- Daito Trust Construction's group pretax profit apparently topped 100 billion yen ($882 million) in the April-December period for the first time, as apartment demand surged among individuals seeking to generate stable income and lower inheritance taxes.

The profit is up roughly 20% on the year and marks the Japanese company's eighth consecutive record for the nine-month period. Sales likely climbed 5% to around 1.1 trillion yen.

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