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JAPAN'S TOKYU DEPARTMENT POSTS US$225 MLN NET LOSS FOR FY2000.

AsiaPulse News

| April 02, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, April 2 Asia Pulse - Tokyu Department Store Co. (TSE: 8232) said Friday it chalked up a group net loss of 28.5 billion yen (US$225.6 million) for the term ended January, as the company pressed ahead with booking unrealized losses on stockholdings under its five-year restructuring plan.

The amount of special losses rose 120 per cent from the previous year to 31 billion yen.

With the disposal of book losses on shareholdings passing its peak, the company projects it will move back ...

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Source: HighBeam Research, JAPAN'S TOKYU DEPARTMENT POSTS US$225 MLN NET LOSS FOR FY2000.

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