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Johnan Academic Preparatory Institute fiscal Q1 loss widens 41.4% YOY

Johnan Academic Preparatory Institute Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥21.75 per share, compared with a loss of ¥15.38 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 ¥175.1 million, compared with a loss of ¥123.9 million in the prior-year period.

The normalized profit margin fell to negative 13.9% from negative 10.3% in the year-earlier period.

Total revenue climbed 5.3% year over year to ¥1.26 billion from ¥1.20 billion, and total operating expenses climbed 10.5% from the prior-year period to ¥1.55 billion from ¥1.40 billion.

Reported net income came to a loss of ¥292.0 million, or a loss of ¥36.26 per share, compared to a loss of ¥208.0 million, or a loss of ¥25.83 per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥124.29.