Walmart expects $2 bln non-cash loss from stake sale in Japan's Seiyu

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 .

The deal was first announced late Sunday, Eastern time.