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Japan-Update

Usen's first-quarter operating profit seen up 3%

Piped-music distributor benefits from rise in bundling

TOKYO -- Cable music broadcaster Usen's operating profit likely rose 3% on the year in the three months to November as the Japanese company saw growth in sales of bundled services.

Usen is expected to report Wednesday a group operating profit of around 2.7 billion yen ($23.3 million) for the first quarter, helped also by the end of goodwill amortization expenses associated with a subsidiary.

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