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Japan-Update

Don Quijote profit headed higher for 28th straight year

New locations, flexible pricing, foreign visitors driving growth

A Mega Don Quijote store in Shibuya, Tokyo.

TOKYO -- Japanese discount store operator Don Quijote Holdings will likely end the year through June 30 with an operating profit of around 46.5 billion yen ($418 million), beating its standing projection of 45.5 billion yen.

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