Mitsubishi Heavy Industries Ltd. reported Friday a consolidated net loss of 20.35 billion yen for the 2000 business year, falling into the red for the second consecutive year.
This was smaller than the 137.01 billion yen loss the previous year. Group net loss per share was 6.03 yen, compared with 40.62 yen the previous year.
Japan's biggest heavy machinery manufacturer blamed the result on evaluation losses on securities holdings and a loss on its investment in Mitsubishi Motors Corp., which reported a record 278.14 billion yen consolidated net loss for the same year ending March 31.
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