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Sunautas fiscal Q1 loss widens YOY

Sunautas Co. Ltd. said its normalized net income for the fiscal first quarter ended July 31 amounted to a loss of ¥44.07 per share, compared with a loss of ¥5.70 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 ¥138.1 million, compared with a loss of ¥18.1 million in the year-earlier period.

The normalized profit margin dropped to negative 1.5% from negative 0.2% in the year-earlier period.

Total revenue increased year over year to ¥9.26 billion from ¥9.15 billion, and total operating expenses grew year over year to ¥9.48 billion from ¥9.19 billion.

Reported net income came to a loss of ¥198.0 million, or a loss of ¥63.17 per share, compared to a loss of ¥91.0 million, or a loss of ¥28.61 per share, in the prior-year period.

As of Sept. 12, US$1 was equivalent to ¥107.36.