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Japan-Update

Record profit, sales seen for Nippon Shinyaku on new drugs

Recently launched products pump up Japanese pharma's vital stats

TOKYO -- Nippon Shinyaku probably earned record operating profit and sales in the year ended March, boosted by revenues from new drugs.

The Kyoto-based pharmaceutical company appears to have generated around 15.5 billion yen ($142 million) in group operating profit in fiscal 2016. That is a jump of around 80% from a year earlier. The company's standing projection calls for 13.5 billion yen.

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