Daiei posts 511 bil. yen group net loss on restructuring costs

Daiei posts 511 bil. yen group net loss on restructuring costs

TOKYO, Japan - Daiei Inc. Acting President Yoshiaki Takahashi speaks at a press conference in Tokyo on April 15. The ailing supermarket chain operator said it fell into the red in fiscal 2004 with a group net loss of 511.20 billion yen as it booked the costs it expects to see in large-scale restructuring from 2005 as a loss ahead of time. (Kyodo)

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  • ILEA000028715
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  • Kyodo / Kyodo News Images
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