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Home developer Open House's profit likely surged 70%

TOKYO -- Open House likely will show record operating profit for the six months ended in March, aided by the growing appeal of single-family residences in and around the Japanese capital.

The housing developer's profit is expected to surpass 15 billion yen ($138 million), soaring about 70% on the year and topping the company's forecast by 4 billion yen or so.

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