Japan Inc. overcomes falling revenue to log record profit

Non-manufacturing sector flourishes despite strong yen

20170520_japan listed companies record profit

Japan Inc.'s record profit came despite falling revenue from a stronger yen.

TOKYO -- Corporate Japan delivered a record profit for fiscal 2016 despite headwinds from a strong yen that pushed down sales, as trading houses rebounded from a resources plunge and communications companies rode the smartphone boom.

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