Debt-saddled retailer Daiei Inc. said Monday it may slash its capital by more than 99 percent under a three-year restructuring plan scheduled to be unveiled Wednesday.
Under the plan, the supermarket chain will reduce capital affecting common and preferred shares from 112 billion yen to about 500 million yen, Daiei said in a statement.
The company had initially planned to cut capital affecting common shares by 50 percent.