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Japan-Update

Advantest sees profit growing 10% in fiscal 2018

Japanese maker of chip-testing equipment riding demand wave

TOKYO -- Advantest expects operating profit to rise about 10% in the fiscal year starting in April thanks to brisk demand for semiconductor-testing equipment abroad.

The Tokyo-based company's operating profit is seen reaching 20 billion yen ($178 million) in fiscal 2018, the highest level since 22.7 billion yen in fiscal 2007, before the global financial crisis hit.

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