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Japan-Update

Parts makers in construction sector outpace expected earnings

Japanese manufacturers' profits soaring on strong Chinese demand

TOKYO -- Japanese parts makers for construction machinery are on pace to earn more than forecast, as companies such as such as Press Kogyo, Mitsubishi Steel Manufacturing and Topy Industries secured more than a fourth of their projected full-year earnings in the first quarter ended June.

The manufacturers' operating profits in the April-June quarter jumped across the board, riding the tailwinds of surging Chinese infrastructure investments. As long as the Chinese economy does not slow, the companies may upgrade projections for the year ending March 2018.

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