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Chuo Mitsui to incur 220 bil. yen group net loss in FY 2001.

Publication: Japan Weekly Monitor
Publication Date: 03-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Nov. 26 Kyodo

Chuo Mitsui Trust & Banking Co. said Monday it expects a 220 billion yen group net loss for the year to March 2002 due to the booking of huge appraisal losses on its shareholdings and hefty loan-loss charges.

The projected net loss represents a reversal from a profit of 23.06 billion yen in...

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