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Tokyo Individualized Educational fiscal Q1 loss widens YOY

Tokyo Individualized Educational Institute Inc. said its normalized net income for the fiscal first quarter ended May 31 came to a loss of ¥9.77 per share, compared with a loss of ¥9.50 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 ¥530.6 million, compared with a loss of ¥515.6 million in the prior-year period.

The normalized profit margin rose to negative 18.5% from negative 19.5% in the year-earlier period.

Total revenue increased 8.8% on an annual basis to ¥2.87 billion from ¥2.64 billion, and total operating expenses increased 7.4% year over year to ¥3.72 billion from ¥3.46 billion.

Reported net income came to a loss of ¥539.0 million, or a loss of ¥9.93 per share, compared to a loss of ¥523.0 million, or a loss of ¥9.63 per share, in the year-earlier period.

As of July 14, US$1 was equivalent to ¥101.58.