Sanyo Shokai Cuts Half-Year Profit Forecast to a Loss After a Weather-Hit June, Keeps Buyback Moving
A weather-hit June selling season pushed Sanyo Shokai's six-month outlook from a small profit to a ¥480 million net loss, but the apparel group is still going ahead with a buyback covering up to 9.2% of its shares at a fixed price of ¥1,688.