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Silicon Studio swings to loss in fiscal Q1

Silicon Studio Corp. said its normalized net income for the fiscal first quarter ended Feb. 29 came to a loss of ¥21.35 per share, compared with ¥20.65 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 ¥52.5 million, compared with income of ¥47.5 million in the year-earlier period.

The normalized profit margin declined to negative 3.0% from 2.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥1.77 billion from ¥1.85 billion, and total operating expenses increased on an annual basis to ¥1.84 billion from ¥1.77 billion.

Reported net income came to a loss of ¥53.0 million, or a loss of ¥21.55 per share, compared to income of ¥56.8 million, or ¥24.66 per share, in the year-earlier period.

As of April 14, US$1 was equivalent to ¥109.17.