trending Market Intelligence /marketintelligence/en/news-insights/trending/hqDMdD2MFR2SD8GMLxxDpA2 content esgSubNav
In This List

Nippon Shikizai swings to profit in fiscal Q1

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Nippon Shikizai swings to profit in fiscal Q1

Nippon Shikizai Inc. said its normalized net income for the fiscal first quarter ended May 31 amounted to ¥7.97 per share, compared with a loss of ¥28.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.9 million, compared with a loss of ¥25.0 million in the year-earlier period.

The normalized profit margin climbed to 0.4% from negative 1.3% in the year-earlier period.

Total revenue fell on an annual basis to ¥1.84 billion from ¥1.88 billion, and total operating expenses decreased year over year to ¥1.81 billion from ¥1.90 billion.

Reported net income totaled a loss of ¥5.0 million, or a loss of ¥5.80 per share, compared to a loss of ¥41.0 million, or a loss of ¥47.53 per share, in the year-earlier period.

As of July 10, US$1 was equivalent to ¥122.69.