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Aplix Q1 loss narrows YOY

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Aplix Q1 loss narrows YOY

Aplix Corp. said its normalized net income for the first quarter was a loss of ¥18.23 per share, compared with a loss of ¥32.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥234.4 million, compared with a loss of ¥410.0 million in the prior-year period.

The normalized profit margin increased to negative 76.8% from negative 151.3% in the year-earlier period.

Total revenue rose 12.5% on an annual basis to ¥305.0 million from ¥271.0 million, and total operating expenses declined 26.7% year over year to ¥675.0 million from ¥921.0 million.

Reported net income came to a loss of ¥375.0 million, or a loss of ¥29.16 per share, compared to a loss of ¥629.0 million, or a loss of ¥49.96 per share, in the prior-year period.

As of May 13, US$1 was equivalent to ¥109.14.