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ELNA Co. Ltd. Q1 loss widens 5.9% YOY

ELNA Co. Ltd. said its first-quarter normalized net income came to a loss of ¥3.58 per share, compared with a loss of ¥4.60 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 ¥202.5 million, compared with a loss of ¥191.3 million in the year-earlier period.

The normalized profit margin fell to negative 2.8% from negative 2.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥7.36 billion from ¥7.49 billion, and total operating expenses declined 4.9% from the prior-year period to ¥7.23 billion from ¥7.60 billion.

Reported net income totaled a loss of ¥539.0 million, or a loss of ¥9.52 per share, compared to a loss of ¥438.0 million, or a loss of ¥10.52 per share, in the prior-year period.

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