• Kyodo

  • SHARE

Scandal-hit Daio Paper Corp. on Wednesday reported ¥2.84 billion in net losses for the first fiscal half of 2011 after the company logged some ¥4.47 billion in special losses over its dubious lending to casino-addicted former Chairman Mototaka Ikawa.

The revelation came in a report submitted by the deadline for the firm to avoid being delisted from the Tokyo Stock Exchange.

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.

SUBSCRIBE NOW