Japan TOPIX firms see 6% net profit rise as AI, rates boost earnings, SMBC Nikko data shows
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TOKYO, May 13 : Companies on Japan's TOPIX index with March year-ends are set to post nearly 6 per cent net profit growth this business year, driven by electronics and banking firms benefiting from AI-linked demand and rising interest rates, an SMBC Nikko Securities tally showed on Wednesday. • The findings point to continued resilience in Japanese equities, underpinned by artificial intelligence-driven investment and a corporate governance push. The Nikkei share average hit a string of record
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