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Tokyo 2020 Olympics

Tokyo Olympics delay leaves sponsors facing losses and lawsuits

Asics and Mitsui Fudosan among hardest hit as dispute and uncertainty pile up

The postponement of the Tokyo Olympics is having a domino effect that has left condo owners in Tokyo without their homes and a big Japanese sporting goods brand without its flagship store in New York. (Source photos by Kyodo and Reuters)

TOKYO -- The owners of condos in Harumi Flag, a premium residential complex fronting Tokyo Bay, received notice last summer that their move-in date would be postponed by a year.

Their other option, canceling contracts, was equally unpalatable. They were told that Mitsui Fudosan, the project's major realtor, had no choice but to sit on the condos for another year.

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