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Japan-Update

Jeweler Sadamatsu seen hitting record annual profit

High-margin bridal products to lift earnings

TOKYO -- Jewelry chain operator Sadamatsu is on track to a roughly 300 million yen ($2.68 million) group operating profit for the year ending next August, in what would be its first record in six years.

That amount represents some 20% increase from the estimated result for the year ended last month. Sales will likely climb 4% to about 10 billion yen.

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