The combined balance of consolidated sales and profit by listed companies was up for the first time in four years in fiscal 2000, according to a tally released Friday.

The Shinko Research Institute, which has been tracing group results released by 947 nonfinancial companies listed on the First Section of the Tokyo Stock Exchange over the past three years, analyzed results announced by 836 firms by Friday and found that their combined sales increased 4.2% in fiscal 2000 over the previous year.

Combined pretax profit grew 38.5%, with 74.4% of the 836 companies reporting gains. Combined net profit jumped 2.7 times, compared with the previous year’s 37.4% gain.

Pretax profit increased 87.7% in the electronics sector thanks to brisk demand for information technology products.

For fiscal 2001, however, combined pretax profit is likely to remain almost unchanged from this fiscal year, reflecting decelerating economies in Japan and abroad. Electronics producers and steelmakers are expecting respective profit falls of 19% and 25.5%.

Net profit is projected to rise 31.8% on a 3.1% increase in sales.

Including some 300 companies that announced fiscal 2000 results on Friday, nearly 90% of listed firms have released earnings reports for the year.

OSE derivatives tieup

OSAKA — Osaka Securities Exchange Co. said Friday that it has agreed with Sydney Futures Exchange Ltd. to tie up in the derivatives field.

The two exchanges will cooperate in transactions, settlements and product development in areas such as futures and options and will also share information and knowhow about self regulation.

Details of their tieup have yet to be mapped out.

“As the largest equity derivatives exchange in Japan, OSE considers it very significant to develop cooperative relationships with major exchanges in the world in order to meet the needs of investors globally,” OSE President Goro Tatsumi said in a media release.

SFE Managing Director Rob Elstone said, “This is an important step for the SFE in developing meaningful relations with one of the most important derivative exchanges in the world.”

Tatsumi and Elstone, who signed the agreement, spoke in Sydney earlier this month at an international conference.

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