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Japanese electronic parts makers see better fiscal 2016 earnings

Companies diversify to guard against slowing smartphone growth

Yoshitaka Fujita, Murata Manufacturing's executive deputy president, at a news conference.

OSAKA -- Five of six Japanese electronic parts producers have upgraded net profit projections for fiscal 2016 on increased shipments seen at the end of last year, but an anticipated slowdown in smartphone components is forcing them to diversify operations.

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