Japan corporate profits up 10% on weak yen, AI demand

Toyota, Hitachi among winners in April-June as China slump drags on others

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Companies listed on Tokyo's Prime market have seen three consecutive years of record high profits. (Photo by Konosuke Urata)

KOSUKE OKAMOTO and KAZUHIRO NOGUCHI, Nikkei staff writers

TOKYO -- Japan's listed companies are performing well, posting a year-on-year combined net profit increase of 10% in April to June on continued AI-related demand and the weak yen, according to data compiled by Nikkei. But corrections in the local currency and sluggish demand in China offer some cause for concern.

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