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Machinery maker Amada to spend more on growth

Fiber laser cutting systems will be a focus of investment going forward.

TOKYO -- Amada Holdings is shifting gears from giving all profit back to shareholders to spending more on investment for long-term growth.

The maker of metalworking machinery will lower its targeted total return ratio to at least 50%, starting with the current fiscal year ending March 2017, President Tsutomu Isobe said. The company previously aimed to give back all net profit, split equally between dividends and stock buybacks.

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