Supermarket operator Seiyu Ltd. said Tuesday its group net loss for the 10 months ending in December came to 7 billion yen, blaming the red ink on the unseasonably cold summer.

The chain had a truncated 10-month fiscal year for 2003 to adjust to the same fiscal period used by Wal-Mart Stores Inc. of the United States, which has acquired a 37.8 percent stake in Seiyu.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.