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Japan-Update

Job search operator DIP seen beating profit guidance

Japan's labor shortage lifts ad demand for part-time, temporary jobs

TOKYO -- Japanese staffing website operator DIP likely will log a 26% increase in nonconsolidated operating profit to 9 billion yen ($81.2 million) for the year ended in February, achieving a fourth straight annual record.

The Tokyo-based company apparently beat its profit forecast of 8.8 billion yen. Sales are expected to be in line with projections, rising 23% to 33 billion yen.

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