Press Releases 2002

Concerning Some of News Reports of 17th April 2002

Apr. 17, 2002

In a news report today the stock sell-off of Yahoo! Inc. USA was ascribed to “financial difficulties because of its discredit”.

In reality, the stock sell off of this time was carried out as previously scheduled as part of financial improvement plan already underway.

The sell-off was in line with the scheduled reduction from 340 billion yen of net interest liabilities (liabilities with interest payable-liquidity*) as of the end of last September, to under 200 billion yen — an objective that is expected to be achieved before long.

[Note]
  • *liquidity --- cash and deposit + stocks and bonds(liquid assets)
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