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Aska Corp. swings to loss in fiscal Q2

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Global M&A by the Numbers Q4 2023

Aska Corp. swings to loss in fiscal Q2

Aska Corp. said its normalized net income for the fiscal second quarter ended May 31 came to a loss of ¥7.71 per share, compared with ¥10.62 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥44.0 million, compared with income of ¥60.6 million in the year-earlier period.

The normalized profit margin fell to negative 1.0% from 1.3% in the year-earlier period.

Total revenue declined year over year to ¥4.44 billion from ¥4.57 billion, and total operating expenses declined on an annual basis to ¥4.41 billion from ¥4.51 billion.

Reported net income totaled a loss of ¥76.0 million, or a loss of ¥13.31 per share, compared to income of ¥48.0 million, or ¥8.41 per share, in the year-earlier period.

As of July 9, US$1 was equivalent to ¥121.31.