Article: BRIEFING - ASIA RETAIL - APRIL 20, 2009.

An executive briefing on retail for April 20, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

MARUBENI'S NET PROFIT DOWN 25%, FAR SHY OF 2% PROJECTED GAIN

TOKYO - Marubeni Corp.'s (TSE:8002) group net profit fell 25 per cent on the year to 110 billion yen (US$1.1 billion) for the year ended March 31, partly because of losses stemming from its stake in struggling retailer Daiei Inc. (TSE:8263), undershooting the forecast 2 per cent rise to 150 billion yen.

Daiei suffered a 23.6 billion yen group net loss for the year ended Feb. 28 on ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!