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From trains to baths, Japan's companies slash earnings outlook

More than 50 downgrade forecasts, with nearly 200 expected to follow

The Keio Inokashira Line in Tokyo: The transport and retail conglomerate is one of the Japanese companies that has already downgraded its earnings forecast due to the coronavirus outbreak.

TOKYO -- The novel coronavirus outbreak has forced as much as 56 Japanese companies to disclose that they will downgrade earnings forecasts or expect a significant slow down of sales, according to credit research specialist Tokyo Shoko Research.

The scale is only expected to get worse, as 186 companies who have not changed their forecasts for now are worried about future effects, according to research as of Friday.

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