TOKYO— Komori has posted a massive write-off loss due to the fallout from the Covid-19 pandemic a – with top management taking pay cuts of up to 30%. Komori said that in the last-half of its financial year ending 31 March 2020, demand in Europe and the US had “remained sluggish”, while its business in China – the world’s largest market for printing presses – had been “weak” due to ongoing trade tensions between the US and China.