Reduced quake-related costs boost Chugai's bottom line
This article was originally published in Scrip
Executive Summary
Chugai, Roche's Japanese subsidiary, now expects extraordinary losses from the 11 March earthquake and tsunami in Japan to be lower than it originally estimated, at around ¥7.5 billion ($96.6 million) for this calendar year, down from an earlier figure of ¥9 billion.