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Japan-Update

Energy and tech names lead Japanese profit upgrades

Oil refiner Cosmo and Sony place high in ranking of earnings revisions

Demand for mining machinery parts has helped Hitachi Construction Machinery upgrade its fiscal 2017 profit outlook.

TOKYO -- As the Japanese fiscal year enters its final stretch, commodity-related and technology names figure prominently among listed companies raising their net profit forecasts, a Nikkei Inc. ranking shows.

Petroleum refiner Cosmo Energy Holdings, which has boosted its net profit guidance 250% over its initial estimate, to 70 billion yen ($652 million), had the second-largest upgrade as of Tuesday among listed companies closing their books in March.

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