Yamaha Motor to post $188 mln special loss for 2008

Newswire

TOKYO, Dec 26 (Reuters) - Japan's Yamaha Motor Co Ltd said on Friday it would likely book an extraordinary loss of about 17 billion yen ($188 million) for calendar 2008 due to a slide in the value of its securities holdings. The motorcycle maker said the special loss was not factored into its annual earnings forecast. Yamaha Motor said in July it expected a consolidated net profit of 45 billion yen in the year ending Dec. 31, down 36.8 percent on the year. The market consensus calls for ...

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