Japan's Lixil beset by triple woes arising from higher interest rates

Huge potential losses from impairment of goodwill reflect financial realism

20231205LIXIL

Sluggish earnings have weighed on Lixil's stock price. (Photo by Kazuki Yamaguchi)

KAZUKI YAMAGUCHI, Nikkei staff writer

TOKYO -- Japanese housing equipment maker Lixil is beset by triple woes resulting from rising interest rates.

As higher rates dampen home sales overseas, the company's interest payments on its debts -- swollen by past acquisitions -- are rising. And looming losses on impairment of goodwill cast another shadow.

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