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Marusho hotta fiscal Q1 loss widens YOY

Marushohotta Co.Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥1.66 per share, compared with a loss of ¥1.63 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 ¥38.1 million, compared with a loss of ¥37.5 million in the year-earlier period.

The normalized profit margin rose to negative 2.4% from negative 2.4% in the year-earlier period.

Total revenue grew on an annual basis to ¥1.60 billion from ¥1.57 billion, and total operating expenses increased on an annual basis to ¥1.66 billion from ¥1.64 billion.

Reported net income came to a loss of ¥64.0 million, or a loss of ¥2.79 per share, compared to income of ¥153.0 million, or ¥6.67 per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to ¥124.28.