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Listed Japanese startups ride earnings bump

Lesser markets poised to outpace Tokyo exchange's first section in profit growth

TOKYO -- Total net profit at companies listed on five startup-focused Japanese equity markets is expected to jump 35% in fiscal 2016, led by domestically oriented businesses left unscathed by a stronger yen.

Nikkei Inc. looked at 688 nonfinancial companies on the Tokyo Stock Exchange's Mothers and Jasdaq markets, the Sapporo Securities Exchange's Ambitious market, the Nagoya Stock Exchange's Centrex market, and the Fukuoka Stock Exchange's Q-Board. Each of these enterprises has comparable financial data going back to fiscal 2007.

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