Takata reports USD714 million net loss for FY 2016/17
Net sales for the year down 7.7% y/y
Japanese airbag manufacturer Takata has reported a net loss of JPY79.5 billion (USD714 million) for the financial year (FY) ended 31 March 2017, compared with net loss of JPY13 billion in FY 2015/16, according to the company’s press release last week.
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