The Japanese shipbuilder is predicting a deficit of JPY 2.6bn($25.4m) for the 12 months to 31 March, 27% higher than its previous outlook of JPY3.6bn.

However the loss will still be far deeper than the JPY533m deficit suffered a year earlier.

Sasebo is predicting full year revenue of JPY 30.9bn, or3% higher than its previous forecast but 20% down on the previous year.