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Thursday, July 22, 2004

Yahoo Japan profit nearly double:
"By Yukari Iwatani Kane
TOKYO (Reuters) - Yahoo Japan, Japan's top Internet portal, says its first-quarter net profit rose 83 percent but it forecast flat growth in the current quarter due to higher costs.

It said on Wednesday first-quarter results benefited from lower-than-expected costs, as it put off some operational plans such as expansion of office and data centre space and focused on tightening security measures to protect customer information and prevent fraudulent sales in its auction business..."

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