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Shingakukai fiscal Q1 loss widens 6.8% YOY

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Shingakukai fiscal Q1 loss widens 6.8% YOY

Shingakukai Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥11.79 per share, compared with a loss of ¥11.04 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 ¥235.6 million, compared with a loss of ¥220.6 million in the year-earlier period.

The normalized profit margin declined to negative 23.4% from negative 20.4% in the year-earlier period.

Total revenue decreased 7.0% year over year to ¥1.01 billion from ¥1.08 billion, and total operating expenses fell 7.8% on an annual basis to ¥1.35 billion from ¥1.46 billion.

Reported net income totaled a loss of ¥288.0 million, or a loss of ¥14.41 per share, compared to a loss of ¥288.0 million, or a loss of ¥14.41 per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥102.19.