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Beauty Kadan fiscal Q1 loss narrows YOY

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Beauty Kadan fiscal Q1 loss narrows YOY

Beauty Kadan Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of ¥7.40 per share, compared with a loss of ¥9.92 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 ¥31.3 million, compared with a loss of ¥41.9 million in the year-earlier period.

The normalized profit margin rose to negative 2.3% from negative 2.9% in the year-earlier period.

Total revenue declined 7.2% on an annual basis to ¥1.35 billion from ¥1.45 billion, and total operating expenses declined 8.2% from the prior-year period to ¥1.39 billion from ¥1.51 billion.

Reported net income totaled a loss of ¥43.0 million, or a loss of ¥10.19 per share, compared to a loss of ¥70.0 million, or a loss of ¥16.59 per share, in the prior-year period.

As of Nov. 13, US$1 was equivalent to ¥122.78.