trending Market Intelligence /marketintelligence/en/news-insights/trending/FmZbQbPrbF-yYoM9PrEqOw2 content esgSubNav
In This List

Kozosushi Co. swings to profit in Q1

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

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

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Kozosushi Co. swings to profit in Q1

Kozosushi Co. LTD. said its normalized net income for the first quarter was 57 Japanese sen per share, compared with a loss of 65 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 ¥16.9 million, compared with a loss of ¥19.4 million in the prior-year period.

The normalized profit margin rose to 1.4% from negative 1.1% in the year-earlier period.

Total revenue decreased 31.3% on an annual basis to ¥1.25 billion from ¥1.81 billion, and total operating expenses declined 33.8% year over year to ¥1.21 billion from ¥1.83 billion.

Reported net income totaled ¥11.0 million, or 37 sen per share, compared to a loss of ¥70.0 million, or a loss of ¥2.35 per share, in the year-earlier period.

As of May 13, US$1 was equivalent to ¥109.14.