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2013 fiscal year was successful for Japanese business
According to NHK, many Japanese companies are expected to record profits in fiscal 2013, the first since the 2008 global financial crisis.
On Friday, 9 in May, 438 companies out of all - that's about 18% listed on the Tokyo Stock Exchange - announced their earnings for the fiscal year. Analysts estimate the total profit of all firms listed on the stock exchange at $ 390 billion. This is 30% more than last year.
This year was especially successful for manufacturers of electronics, automobile and steel companies.
During the current fiscal year, representatives of record companies expect a slowdown in the growth of their profits.