Japanese supermarket operator Seiyu today [Monday] warned investors it expects to post a further loss of ¥29bn (US$236.2m).


The loss is a stock appraisal loss on the forthcoming disposal of a non-bank financing unit to the Lone Star Group of the US, reported Reuters. Last month the company reported it forecast a stock appraisal loss of ¥22.7bn for debt-heavy subsidiary Tokyo City Finance, which Seiyu expects to sell on 29 November, but now expects the total loss to be closer to ¥51.7bn.


Due mainly to the originally announced stock appraisal loss, Seiyu suffered a group net loss of ¥22.39bn for the half year ended in August, the report continued.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now