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GgoogleJP first seen 2 d ago, last 2 d ago, peak #1

Terumo cuts forecast after $97.5 billion yen loss on US contract

Original: テルモ

Japanese medical device maker Terumo has lowered its earnings forecast after booking a loss of about 97.5 billion yen. The company attributed the writedown to the termination of a supply contract with a US company. The news, reported by Reuters, is drawing attention in Japan's business press as investors assess the impact on Terumo's outlook.

Why now: Terumo's surprise downward revision of its earnings forecast due to a terminated US supply contract is fresh financial news moving the stock and business conversation.

TerumoReutersYahoo! News

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