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Japan-Update

Japan software developer Obic seen posting record 9-month profit gain

Domestic demand for labor-saving IT seen fattening dividend hike

Growth in the highly profitable cloud computing business likely improved Obic's profit margin.

TOKYO -- Japanese business software provider Obic's group operating profit apparently jumped by a fifth on the year to nearly 25 billion yen ($226 million) for the nine months through December on steady demand for efficiency-boosting IT systems.

This would mark a 14th straight record profit for the period and the strongest growth since the company began reporting quarterly earnings.

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