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Major Japan Firms to Report Lower Annual Net Profits

Major Japan Firms to Report Lower Annual Net Profits

   Tokyo, Feb. 8 (Jiji Press)--Major nonfinancial Japanese companies are expected to post lower consolidated net profits for the first time in three years for the year through next month, a Jiji Press survey showed on Friday.
   These firms' combined net profit is likely to fall 3.9 pct from the previous year due mainly to slowing economic growth in China amid trade tensions with the United States.

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AFP-JIJI PRESS NEWS JOURNAL


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