trending Market Intelligence /marketintelligence/en/news-insights/trending/4APnGnoNw0B0ZQXSCD7_Tw2 content esgSubNav
In This List

Maxvalu Chubu swings to loss in fiscal Q1


Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


2023 Big Picture: US Consumer Survey Results


Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise

Maxvalu Chubu swings to loss in fiscal Q1

Maxvalu Chubu Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to a loss of ¥7.38 per share, compared with 67 sen 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 ¥233.8 million, compared with income of ¥21.3 million in the year-earlier period.

The normalized profit margin fell to negative 0.6% from 0.1% in the year-earlier period.

Total revenue increased 5.9% on an annual basis to ¥39.60 billion from ¥37.40 billion, and total operating expenses increased 7.1% year over year to ¥40.02 billion from ¥37.37 billion.

Reported net income came to a loss of ¥377.0 million, or a loss of ¥11.91 per share, compared to income of ¥202.5 million, or ¥6.38 per share, in the prior-year period.

As of July 14, US$1 was equivalent to ¥101.58.