Daiei plunges into red

TOKYO, Japan - Kunio Takagi, president of the struggling retailer Daiei Inc., talks with the media in Tokyo on April after announcing the group's financial results for the year to February 28. Daiei posted a group net loss of 332.51 billion yen in the business year, marking a sharp reversal from the 45.89 billion yen profit the previous year.

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