KYB reports net loss of USD19.8 million in FY 2015/16

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Financial results

Expects net income of JPY7.9 billion in FY 2016/17

KYB has reported a net loss of JPY2.2 billion (USD19.8 million, 31 March 2016) for the financial year ended 31 March 2016 against a net profit of JPY7.05 billion (USD58.9 million, 31 March 2015) in the previous fiscal year, says a company press release.

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