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Maxvalu Kyushu posts fiscal Q1 loss

Maxvalu Kyushu Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to a loss of ¥1.3 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.0%.

Total revenue totaled ¥36.04 billion, and total operating expenses came to ¥36.05 billion.

Reported net income came to a loss of ¥63.0 million, or a loss of ¥8.37 per share.

As of July 15, US$1 was equivalent to ¥101.70.