TOKYO -- The nonmanufacturing sector is poised to account for around 60% of total net profits for Japanese companies this fiscal year, the highest share in six years as businesses revise their forecasts to reflect smaller earnings declines.
Business trends
Japan Inc. adjusts projections to softer decline in net profit
Nonmanufacturing profit seen sliding only 5% on entertainment and retail strength
Electronics retailer Nojima was among retailers that contributed to a growing proportion of nonmanufacturing net profits for Japanese companies. (Photo by Kento Hirashima)
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