• Kyodo, JIJI

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Rental apartment operator Leopalace21 Corp. posted net losses of ¥24.4 billion ($223 million) for the April-September period on Friday, with sales falling 13.3 percent to ¥221.5 billion from the same period last year.

The firm, hit by scandals involving 30,000 defective buildings earlier this year, now expects to incur a consolidated net loss of ¥30.4 billion for the year to March 2020, against the previous forecast of ¥100 million in net profit.

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