Chugai's ¥7bn-plus quake losses drag down bottom line
This article was originally published in Scrip
Executive Summary
Chugai has booked a total of ¥7.4 billion ($96.9 million) so far this year in extraordinary losses related to the devastating earthquake and tsunami in Japan, and expects the figure to rise to around ¥7.5 billion for the 12 months excluding any insurance payouts.