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.
