Updated
Updated · MarketWatch · May 1
Nichidai Corp reports fiscal year net loss
Updated
Updated · MarketWatch · May 1

Nichidai Corp reports fiscal year net loss

8 articles · Updated · MarketWatch · May 1
  • For the year ended 31 March in Japan, the loss widened to Y754 million from a Y56 million profit, while revenue fell to Y10.99 billion from Y11.60 billion.
  • Operating profit turned to a Y408 million loss from a Y153 million profit, pretax swung to a Y446 million loss from Y185 million, and per-share earnings fell to minus Y83.50.
  • The figures were prepared under Japanese accounting standards, marking a broad deterioration across Nichidai's annual earnings compared with the previous fiscal year.
With staggering losses, is Nichidai's new Indian partnership a strategic lifeline or a quiet surrender of its technology?
Did a sudden Mideast war sink this Japanese manufacturer, or was it already losing the global EV race?