Takata announced a downward revision to its consolidated earnings forecast for the fiscal year ending March 2017, projecting a net loss of ¥64 billion. The company reported a net loss of ¥13 billion in the previous fiscal year.
Takata announced a downward revision to its consolidated earnings forecast for the fiscal year ending March 2017, projecting a net loss of ¥64 billion. The loss is expected to widen substantially from the previous forecast, with the projected deficit set to increase sharply.
The previous forecast had projected a net loss of ¥20 billion, meaning the downward revision will significantly increase the projected loss.