trending Market Intelligence /marketintelligence/en/news-insights/trending/d7B8LO0Jv9JERAht7sfwxg2 content esgSubNav
In This List

Omikenshi swings to loss in fiscal Q1

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Blog

Optimism abounds in Indian online video industry


Omikenshi swings to loss in fiscal Q1

Omikenshi Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 90 Japanese sen per share, compared with 10 sen 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 ¥59.4 million, compared with income of ¥13.1 million in the prior-year period.

The normalized profit margin dropped to negative 1.8% from 0.4% in the year-earlier period.

Total revenue fell 11.1% on an annual basis to ¥3.28 billion from ¥3.69 billion, and total operating expenses fell 8.5% on an annual basis to ¥3.30 billion from ¥3.60 billion.

Reported net income totaled a loss of ¥100.0 million, or a loss of ¥1.52 per share, compared to income of ¥137.0 million, or ¥1.06 per share, in the year-earlier period.

As of Aug. 11, US$1 was equivalent to ¥124.86.