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4Cs Holdings fiscal Q2 loss widens YOY

4Cs Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 was a loss of 86 Japanese sen per share, compared with a loss of 11 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 ¥5.6 million, compared with a loss of ¥625,000 in the year-earlier period.

The normalized profit margin dropped to negative 1.3% from negative 0.2% in the year-earlier period.

Total revenue increased 53.8% on an annual basis to ¥440.0 million from ¥286.0 million, and total operating expenses grew 57.0% on an annual basis to ¥449.0 million from ¥286.0 million.

Reported net income totaled a loss of ¥10.0 million, or a loss of ¥1.53 per share, compared to income of ¥213.0 million, or ¥37.33 per share, in the year-earlier period.

As of May 13, US$1 was equivalent to ¥119.08.