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Seiyu Ltd. said Tuesday it widened its forecast loss for the full year due to costs to cut jobs, its second downgrade in five weeks.

The net loss is likely to be ¥10.4 billion in the year ending Dec. 31, the company said in a statement to the Tokyo Stock Exchange. That compares with a ¥5.9 billion loss forecast on Aug. 14 and a loss of ¥55.8 billion last year.

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