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Corporate Japan's winners find opportunity in economic adversity

Leading construction companies logged record profit in the April-June quarter despite a labor shortage.

TOKYO -- One in six listed companies logged record pretax profit for the April-June quarter despite corporate Japan's steep overall earnings slide, finding chances to thrive in adverse circumstances such as a labor shortage.

The Nikkei compiled results posted by more than 1,500 listed companies that had reported April-June earnings by Wednesday. Overall pretax profits at companies closing their books in March fell nearly 20% year on year. But 274 companies, including many in such domestic-market-bound industries as construction, railroads and food, reported their highest-ever profit for the period.

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