Casio Shares Lead Nikkei Down After Net Loss Forecast Widened
February 07, 2010, 8:28 PM ESTBy Gregory Turk
Feb. 8 (Bloomberg) -- Casio Computer Co. fell the most in more than three months in Tokyo trading after the Japanese electronics maker widened its net loss forecast.
The shares fell 6.2 percent to 620 yen as of 9:22 a.m. on the Tokyo Stock Exchange, the largest drop since Oct. 19. The stock had the largest decline of companies on the Nikkei 225 Stock Average, which fell as much as 1 percent.
The company widened its net loss forecast for the year ending March to 22 billion yen ($246 million) from 7 billion yen previously, according to a statement after markets closed on Feb. 5.
Link to Company News:{6952 JP <Equity> CN <GO>}
To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net
