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Kuraudia fiscal Q2 loss widens 94.3% YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to a loss of ¥44.52 per share, compared with a loss of ¥22.91 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 ¥408.1 million, compared with a loss of ¥210.0 million in the year-earlier period.

The normalized profit margin dropped to negative 18.7% from negative 7.4% in the year-earlier period.

Total revenue fell 22.7% year over year to ¥2.19 billion from ¥2.83 billion, and total operating expenses decreased 10.3% from the prior-year period to ¥2.85 billion from ¥3.18 billion.

Reported net income totaled a loss of ¥481.0 million, or a loss of ¥52.47 per share, compared to a loss of ¥289.0 million, or a loss of ¥31.53 per share, in the prior-year period.

As of April 14, US$1 was equivalent to ¥119.09.