Major machinery maker Nachi-Fujikoshi Corp. said Tuesday it posted a group net loss of 152 million yen in the fiscal first half, which ended May 31.
The loss was attributed to one-time costs of 598 million yen from mostly overseas restructuring. The result contrasts with a net profit of 1.51 billion yen a year earlier.
Net loss per share was 0.67 yen against a per-share profit of 6.64 yen a year earlier.
Group pretax profit fell 84.1 percent to 300 million yen on a 14.7 percent fall in sales to 66.45 billion yen as the company took a blow from decreasing orders amid sluggish corporate capital outlays.
The company said it will skip interim dividend payments as it did the previous year.
For the current business year to Nov. 30, the company forecasts group pretax profits of 1.5 billion yen and net profits of 600 million yen on sales of 132 billion yen.