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Japan-Update

Oji seen more than doubling net profit

Sharp fiscal 2016 rebound would still miss consensus view

TOKYO -- Japanese paper products group Oji Holdings is expected to log around 33 billion yen ($296 million) in group net profit for the year ended March, more than double the previous year's result, on strong cardboard and diaper sales in emerging countries.

The figure is in line with the company's projections but falls below the consensus forecast of analysts surveyed by QUICK, which calls for 35.6 billion yen, as the domestic market continues to stall.

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