Ichikoh reports 95% decrease in net loss for the FY2010
Company expects net profit worth ¥3bn in FY2011
Ichikoh Industries has reported 95% decrease in its net loss for the financial year ended 31 March 2010, mainly due to recovery in vehicle sales volumes amid government incentives. The company’s net loss was ¥839m (US$9.1m, 31 March 2010) in the fiscal year 2010 compared with ¥17.09bn (US$175.7m, 31 March 2009) in the fiscal year 2009.
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