An unseasonably cool summer has chilled the country's retailers, prompting sector leader Ito-Yokado Co. to cut its half-year earnings outlook by 41.4 percent.
The supermarket chain said Friday it is likely to report a 17 billion yen group net profit for the six-month period through August, compared with the original forecast of 29 billion yen.
The revenue estimate was cut by 0.7 percent to 1.77 trillion yen.
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