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Yaskawa Electric's profit surges 150% for April-September

Company bullish on robotics demand amid reforms in Japan, wage growth in China

TOKYO -- Yaskawa Electric's group net profit jumped 150% on the year in the April-September half to 21 billion yen ($184 million), the company said Monday, topping records for that six-month period thanks to booming sales of industrial robots in China, Japan and the U.S.

"Demand for robots and other devices will rise in the future," Yaskawa President Hiroshi Ogasawara told reporters while announcing first-half results. He expressed high hopes for productivity reforms under Prime Minister Shinzo Abe, whose Liberal Democratic Party won Sunday's lower house election in Japan.

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