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Lion Corporation Impacted By Bug Spray Recalls

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By: TOM BRANNA

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JAPAN: Major household products manufacturer Lion Corporation is likely to lower its group net profit forecast for the fiscal year ending in December to roughly $30.4 million, a drop of 37% on the year. The company had earlier predicted its net profit would creep down 1% to $47.8 million. At the end of August, Lion voluntarily recalled pest repellents it launched in March 2007 due to incidences of the jet aerosol catching fire. Because it had already shipped 3.25 million containers of the Var...

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