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NAKANISHI INC to Stop Business of Subsidiary; Expects Extraordinary Losses for Q2 of FY 2013


Thursday, 1 Aug 2013 02:20am EDT 

NAKANISHI INC announced that it has decided to stop business of a subsidiary, NSK Precision Co.,Ltd. on September 30, 2013. The Company will sell or liquidate the subsidiary. The Company expects JPY 256 million extraordinary loss on revaluation of investment, as well as JPY 150 million extraordinary loss on bad debts for the second quarter of the fiscal year ending December 2013. 

Company Quote

3825.0
-135.0 -3.41%
2:00am EDT