Toys R Us warns IPO investors of Japan risks

NEW YORK (Reuters) – Toys R Us Inc (TOY.UL: Quote, Profile, Research) warned potential investors of the risks the retailer faces after Japan’s devastating earthquake and tsunami, in an amended filing for its initial public offering.

The natural disasters caused significant damage to a number of Toys R Us stores in Japan, and six of them remained closed as of March 23, the company said in the filing with U.S. financial regulators on Monday.

It further warned that disruptions of the country’s transportation system as well as fuel and power shortages were likely to hurt its business in the region.

Separately, Toys R Us added SMBC Nikko as an underwriter on the IPO while no longer listing Daiwa Capital Markets as one.

The New Jersey-based retailer plans to raise up to $800 million in the IPO and to list on the New York Stock Exchange under the symbol “TOYS” (TOYS.N: Quote, Profile, Research).

(Reporting by Alina Selyukh, Dhanya Skariachan and Clare Baldwin; Editing by Steve Orlofsky)

Toys R Us warns IPO investors of Japan risks