Takamatsu Machinery reports smaller full-year net loss
Updated
Updated · MarketWatch · May 8
Takamatsu Machinery reports smaller full-year net loss
5 articles · Updated · MarketWatch · May 8
For the year ended 31 March, the Japanese company posted a Y107m net loss, versus Y645m a year earlier, on revenue of Y12.72bn.
Operating loss narrowed to Y64m from Y160m, while pretax loss improved to Y70m from Y103m, according to results prepared under Japanese accounting standards.
Despite the reduced loss, annual revenue fell from Y13.89bn and per-share loss improved to Y9.94 from Y59.95, indicating weaker sales but better bottom-line performance.
How did a Japanese manufacturer slash losses while battling Mideast conflict, US tariffs, and a weak yen?
With machine tool orders hitting records, why did Takamatsu's revenue shrink while its losses narrowed?