CFS Corporation
TYO:8229 ISIN:JP3769300009
CFS Corporation (TYO:8229) is a Japan-based retailer that sells medical products, cosmetics, daily necessities and food products, including processed food and perishable food. The Company operates through two business segments. The Retail segment is involved in the operation of drugstores and supermarkets, as well as the manufacturing and sale of food products including prepared dishes, the sale of confectionery and the provision of drug dispensing services, among others. The Others segment is involved in the development, management and operation of stores, the non-life insurance business and the leasing of real estates. The Company has seven subsidiaries.
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US shares overnight declined, led by telecommunications sector. Sprint Nextel officially unveiled a new mobile phone able to tap into super-high speeds. Sprint Nextel rallied but all other telecom fell on competitive worries. Portugal's credit rating downgrade also weighed on the US market. Most Asian markets posted modest gains Wednesday. Japan's Nikkei index was up 0.4. China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports. South Korea's Kospi slightly declined by 0.05 per cent.
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