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Strictly Business: Tomen admits it'll take 109 bil. yen loss.
Tomen Corp. said Tuesday it will post a net loss of 109.3 billion yen on an unconsolidated basis in fiscal 1999 to March 31, a drastic downward revision from its earlier forecast of a 3.5 billion yen profit.
The major trading house said the large loss is unavoidable as it will register an extraordinary loss of 407.4 …
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