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.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.