JAPAN: Pioneer net loss widens to US$104.6m in fiscal Q1

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Pioneer net sales for the fiscal first quarter ended 30 June fell 2% to JPY109.3bn (US$1.1bn) compared to JPY111.4bn in the fiscal first quarter of 2012. The company incurred an operating loss of JPY7.6bn compared to an operating income of JPY599m in the year ago quarter.