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Tabio fiscal Q2 loss widens 41.0% YOY

Tabio Corp. said its normalized net income for the fiscal second quarter ended Aug. 31 came to a loss of ¥18.63 per share, compared with a loss of ¥13.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥126.9 million, compared with a loss of ¥90.0 million in the prior-year period.

The normalized profit margin declined to negative 3.7% from negative 2.7% in the year-earlier period.

Total revenue grew on an annual basis to ¥3.44 billion from ¥3.38 billion, and total operating expenses grew year over year to ¥3.65 billion from ¥3.53 billion.

Reported net income totaled a loss of ¥146.0 million, or a loss of ¥21.43 per share, compared to a loss of ¥105.0 million, or a loss of ¥15.41 per share, in the year-earlier period.

As of Oct. 13, US$1 was equivalent to ¥119.87.