TOKYO -- The state of emergency declared throughout much of Japan is expected to widen losses by 40% from pre-emergency levels in three of the hardest-hit industries, weighing on companies that still have yet to recover from the previous decree last spring, a Nikkei analysis shows.
Nikkei looked at 104 publicly listed enterprises in the restaurant, rail and air transportation industries, which suffered especially steep earnings declines during the first state of emergency. Each company was asked about the impact of a monthlong state of emergency, based on their estimated break-even points.
