ANA releases revised fiscal year forecast

ANA released a revised nonconsolidated forecast for its fiscal year ended March 31 reflecting last week's ¥281.3 billion ($2.37 billion) sale of its hotel assets to a fund managed by Morgan Stanley (ATWOnline, April 16). A ¥7 billion reversal to an extraordinary gain in the allowance for bad debt related to the hotel subsidiaries and ¥4 billion in applied tax effect accounting principles to the valuation loss on the transferred shares will impact the company's balance sheet ...