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TOKYO, Feb 11 (AFP): The combined ordinary profit of Japan's listed companies is expected to grow 7.3 per cent in the year to March, hitting an record high for the third straight term, a press report said today.
The gain was led by carmakers, boosted by brisk global sales of new models and a stronger dollar, and the electronics sector, which had earlier forecast a profit decline, the Nihon Keizai Shimbun business daily said.
The total, combining "recurring" group profits at companies using Japanese accounting standards and "pre-tax" group profits at companies using US accounting standards, is estimated at 26.99 trillion yen (US4227 billion) in the business year.
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