Taiheiyo Cement: to book Y2.2b special loss from land sale

Taiheiyo Cement: to book Y2.2b special loss from land sale
Published: 22 March 2007

Taiheiyo Cement Corp said Thursday it will book a special loss of Y2.2bn from the sale of land in eastern Tokyo for this fiscal year ending March 31. 
 
The Tokyo-based cement maker also said it also expects to post a Y4.4bn asset valuation loss. 
 
The financial impact of the land sale and the asset valuation loss on its group earnings hasn’t been determined yet, the company said in a statement.