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Japan-Update

Muji owner likely turned record profit for fourth year

Retailer kept margins high amid modest sales growth

Profits rebounded for popular Muji products, including lotions.

TOKYO -- Muji brand operator Ryohin Keikaku likely scored a fourth straight record group operating profit for the year through February, earning 38 billion yen ($338 million) for a 10% rise and carving out a high profit ratio through meticulous sales management.

The retail brand owner apparently hit its target operating profit more or less squarely. But revenue from operations -- a figure effectively measuring sales -- likely fell short with growth of 9% to roughly 334 billion yen, undershooting the planned 336.5 billion yen. The company will release earnings April 12.

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