Walmart expects $2 billion non-cash loss from stake sale in Japan’s Seiyu

(Reuters) – Walmart Inc said on Monday it sees a non-cash loss of about $2 billion after tax, in its fourth fiscal quarter due to a sale of a majority stake in Japanese supermarket chain Seiyu.

The retailer also said it does not expect a significant impact to earnings per share following the close of the sale to investment firm KKR and e-commerce company Rakuten <4755.T>. (https://bit.ly/2IEBFzN)

The deal was first announced late Sunday, Eastern time.

(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)