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Japan-Update

Software developer Fujisoft's 2016 profit likely rose 3%

Automotive, industrial demand buoys earnings above estimates

TOKYO -- Fujisoft's operating profit looks to have climbed 3% in 2016 to about 8.7 billion yen ($77.7 million), topping the 8.5 billion yen projection on orders for automotive and industrial machinery applications.

Sales at the Japanese software developer apparently rose 4% to about 160 billion yen -- surpassing the 157 billion yen forecast.

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