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Nakamuraya fiscal Q1 loss narrows YOY

Nakamuraya Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥68.17 per share, compared with a loss of ¥81.15 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 ¥402.5 million, compared with a loss of ¥478.1 million in the year-earlier period.

The normalized profit margin increased to negative 5.9% from negative 6.9% in the year-earlier period.

Total revenue decreased year over year to ¥6.80 billion from ¥6.95 billion, and total operating expenses declined on an annual basis to ¥7.45 billion from ¥7.72 billion.

Reported net income came to a loss of ¥429.0 million, or a loss of ¥72.66 per share, compared to a loss of ¥459.0 million, or a loss of ¥77.91 per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to ¥102.44.