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Isetan Mitsukoshi Forecasts 60-B.-Yen Annual Net Loss

Isetan Mitsukoshi Forecasts 60-B.-Yen Annual Net Loss

   Tokyo, July 29 (Jiji Press)--Isetan Mitsukoshi Holdings Ltd. <3099> said Wednesday it expects to suffer a consolidated net loss of 60 billion yen in the year ending in March 2021, its second-largest annual loss, amid the fallout from the coronavirus pandemic.
   The Japanese department store operator faces difficulties as it has been hit hard by temporary store closures and a sharp drop in customer traffic caused by the pandemic.

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