JAPAN: Fujiya expects losses as assets sold
Disgraced Japanese confectioner Fujiya said today (13 March) that it anticipates a group net loss of JPY6.7bn (US$57.1m) in the current financial year, which will end on 31 March, after the company was rocked by a scandal concerning the use of out-of-date ingredients in the production of confectionery. The group had previously forecast profits of JPY800m.
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