Takefuji, Japan’s fourth-largest consumer finance company, said it may book as much as Y30bn ($289m) in derivative-linked losses this fiscal year, becoming the first Japanese consumer lender to disclose losses on US subprime investments, reports the WSJ. Takefuji said the potential losses were due to derivatives transactions arranged by Merrill Lynch. The FT reports that Takefuji’s shares fell 6.6% in Tokyo on Monday.

This entry was posted by Gwen Robinson on Tuesday, March 4th, 2008 at 4:59 and is filed under Capital markets. Tagged with Takefuji. Edit this entry.