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Sokensha fiscal Q1 loss widens YOY

Sokensha Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥31.92 per share, compared with a loss of ¥10.64 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 ¥22.5 million, compared with a loss of ¥7.5 million in the year-earlier period.

The normalized profit margin declined to negative 2.4% from negative 0.8% in the year-earlier period.

Total revenue declined 5.4% on an annual basis to ¥922.0 million from ¥975.0 million, and total operating expenses fell from the prior-year period to ¥959.0 million from ¥986.0 million.

Reported net income totaled a loss of ¥37.0 million, or a loss of ¥52.49 per share, compared to a loss of ¥13.0 million, or a loss of ¥18.44 per share, in the prior-year period.

As of Aug. 8, US$1 was equivalent to ¥101.85.