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21Lady fiscal Q1 loss widens YOY

21Lady Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥1.97 per share, compared with a loss of 32 sen 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 ¥8.1 million, compared with a loss of ¥1.3 million in the prior-year period.

The normalized profit margin dropped to negative 1.2% from negative 0.2% in the year-earlier period.

Total revenue decreased 8.2% year over year to ¥705.0 million from ¥768.0 million, and total operating expenses fell 6.9% from the prior-year period to ¥716.0 million from ¥769.0 million.

Reported net income totaled a loss of ¥16.0 million, or a loss of ¥3.88 per share, compared to a loss of ¥5.0 million, or a loss of ¥1.28 per share, in the prior-year period.

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