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Nihon Eslead fiscal Q1 loss widens YOY

Nihon Eslead Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥7.05 per share, compared with a loss of 20 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥108.8 million, compared with a loss of ¥3.1 million in the prior-year period.

The normalized profit margin fell to negative 2.2% from negative 0.1% in the year-earlier period.

Total revenue increased 29.5% year over year to ¥4.87 billion from ¥3.76 billion, and total operating expenses increased 34.3% from the prior-year period to ¥5.01 billion from ¥3.73 billion.

Reported net income totaled a loss of ¥15.0 million, or a loss of 97 sen per share, compared to a loss of ¥41.0 million, or a loss of ¥2.66 per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to ¥124.28.