SUBSCRIBERS
Japan Post may write down 400b yen over Toll acquisition
Published Sun, Apr 23, 2017 · 09:50 PM
Tokyo
JAPAN Post Holdings Co is considering writing down as much as 400 billion yen (S$5.1 billion) in the year ended March 31 on goodwill from its acquisition of an Australian logistics unit Toll Holdings, the Nikkei business daily reported on Saturday.
Japan Post's group net profit for the year just ended is estimated at 320 billion yen, and logging a loss of up to 400 billion yen could lead to its first net loss since Japan began…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s SenseTime soars 36% after unveiling beefier AI model
PBOC steps up rhetoric against long-end government bond rally
Texas Instruments gives solid forecast in sign of comeback
Cordlife customers push for legal action
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
Australian inflation boosts case for higher-for-longer rates