JAPAN: Isetan Group Expects Annual Net Loss of 2.5bn Yen
Department store operator Isetan Co said Friday the company and its subsidiaries will incur a net loss of 2.5bn yen ($22m) in the current business year ending March 31, against the previous year's profit of 3,216m yen ($29,000). The annual net loss estimate mirrors latent losses on shareholdings as well as a write-off of retirement payment reserve shortfalls, conducted in the April-September first half, the company said.
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