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Japan-Update

Fujitsu may lift dividend on growth in IT services

Net profit, cash flow appear headed for increases in fiscal 2017

TOKYO -- Fujitsu will consider raising its dividend for fiscal 2017 from the prospective rate of 11 yen per share after assessing growth in the company's commercial information technology services.

"It is possible that we will do a positive reassessment of the expected dividend as performance for the current fiscal year comes into focus," said Hidehiro Tsukano, chief financial officer, implying a dividend hike. He did not reveal a payout ratio target. The Japanese IT company's fiscal 2016 dividend was 9 yen per share.

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