Marubeni expects to book impairment losses of 120 bil. yen in FY 2014

Marubeni expects to book impairment losses of 120 bil. yen in FY 2014

Fumiya Kokubu, president of Marubeni Corp., speaks at a press conference in Tokyo on Jan. 26, 2015, as the trading house expects to book impairment losses of around 120 billion yen for fiscal 2014 ending March due mainly to the impact of declining crude oil prices and the worse-than-expected performance of subsidiary Gavilon LLC. (Kyodo) ==Kyodo

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