Displaying Items By Tag: Fy2019

For fiscal 2019 Mitsubishi Heavy Industries has posted its first operating loss in two decades. This is mainly due to a delay in the development of the first Japanese-made passenger jet.

The company reported a loss of 29.5 billion yen, or over 274 million dollars, from business activities for the fiscal year that ended in March. This came after the firm took a loss of about 2.42 billion dollars related to the Mitsubishi Spacejet project.

Japanese telecom giant SoftBank Group announced on Monday that it expects to post a huge loss for fiscal 2019, which ended in March.

The group forecasts an operating loss of 1.35 trillion yen, or about 12.5 billion dollars.