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Marutai fiscal Q1 loss narrows YOY

Marutai Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥40.55 per share, compared with a loss of ¥52.65 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 ¥77.5 million, compared with a loss of ¥100.6 million in the prior-year period.

The normalized profit margin increased to negative 4.8% from negative 5.9% in the year-earlier period.

Total revenue decreased 5.5% on an annual basis to ¥1.62 billion from ¥1.72 billion, and total operating expenses fell 6.9% from the prior-year period to ¥1.75 billion from ¥1.88 billion.

Reported net income came to a loss of ¥128.0 million, or a loss of ¥66.98 per share, compared to a loss of ¥155.0 million, or a loss of ¥81.10 per share, in the prior-year period.

As of Aug. 8, US$1 was equivalent to ¥101.85.