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B-R 31 Ice Cream Q1 loss narrows YOY

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B-R 31 Ice Cream Q1 loss narrows YOY

B-R 31 Ice Cream Co. Ltd. said its normalized net income for the first quarter was a loss of ¥6.94 per share, compared with a loss of ¥8.50 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 ¥66.9 million, compared with a loss of ¥81.9 million in the year-earlier period.

The normalized profit margin increased to negative 1.8% from negative 2.2% in the year-earlier period.

Total revenue rose on an annual basis to ¥3.78 billion from ¥3.66 billion, and total operating expenses climbed on an annual basis to ¥3.89 billion from ¥3.79 billion.

Reported net income came to a loss of ¥52.0 million, or a loss of ¥5.40 per share, compared to a loss of ¥36.0 million, or a loss of ¥3.74 per share, in the year-earlier period.

As of May 6, US$1 was equivalent to ¥106.69.