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With us Corp. fiscal Q1 loss narrows YOY

With us Corp. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥27.17 per share, compared with a loss of ¥40.55 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 ¥273.4 million, compared with a loss of ¥407.8 million in the year-earlier period.

The normalized profit margin increased to negative 9.8% from negative 14.2% in the year-earlier period.

Total revenue fell on an annual basis to ¥2.80 billion from ¥2.86 billion, and total operating expenses fell 6.9% year over year to ¥3.27 billion from ¥3.52 billion.

Reported net income totaled a loss of ¥273.0 million, or a loss of ¥27.13 per share, compared to a loss of ¥453.0 million, or a loss of ¥45.05 per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to ¥102.12.