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Gakkyusha fiscal Q1 loss narrows YOY

Gakkyusha Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥7.34 per share, compared with a loss of ¥11.98 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 ¥78.5 million, compared with a loss of ¥133.3 million in the prior-year period.

The normalized profit margin climbed to negative 4.7% from negative 8.9% in the year-earlier period.

Total revenue grew 10.3% year over year to ¥1.65 billion from ¥1.50 billion, and total operating expenses climbed on an annual basis to ¥1.77 billion from ¥1.71 billion.

Reported net income totaled a loss of ¥102.0 million, or a loss of ¥9.53 per share, compared to a loss of ¥152.0 million, or a loss of ¥13.67 per share, in the year-earlier period.

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