Takefuji Corp., the nation’s third-largest consumer lender by market value, said Monday it has cut its full-year profit forecast 69 percent, citing subprime-related losses.
Net income in the year ending March 31 may total ¥13.6 billion, compared with a previous forecast of ¥43.3 billion, the Tokyo-based lender said in a statement to the Tokyo Stock Exchange.
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