The Hakata-za theater in Fukuoka City is expected to report a net loss of 574 million yen for FY 2008, its highest loss ever. The economic downturn has been cited as the primary reason for the poor performance. This is the theater’s second consecutive net loss, and with internal reserves already expended, a net loss next year would start building a cumulative loss.
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- Hakata-za to Post 574 Million Yen Loss