Pegasus Sewing Machine Swings to Loss Amid Revenue Decline

The Japanese manufacturer saw its revenue slide to 9.88 billion yen, down from 11.41 billion yen a year earlier. Operating profit also faced substantial pressure, plummeting to 79 million yen from 669 million yen. Pretax figures mirrored this downward trend, shifting from a 662 million yen profit to a 64 million yen loss.

Underlying these results, earnings per share dropped to a loss of 9.43 yen, compared to the 16.70 yen profit reported in the previous year. These financial statements were prepared in accordance with Japanese accounting standards.