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Japan-Update

Japanese companies rack up profits toward a banner fiscal 2017

The bottom line surged 35% to an April-December record, led by auto and electronics sectors

A weak yen boosted profits at Japanese automakers.

TOKYO -- Listed Japanese corporations collectively reaped 23.63 trillion yen ($222 billion) in net profit for the April-December period, logging a 35% year-on-year jump three months before they close their books for the current fiscal year.

A broad range of nonfinancial industries -- 27 of the 32 covered -- posted higher profits as global economic growth improved the fortunes of electrical equipment, automotive, chemical and other companies.

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