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Crea Holdings fiscal Q1 loss widens 15.7% YOY

Crea Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 100 Japanese sen per share, compared with a loss of 86 sen 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 ¥36.9 million, compared with a loss of ¥31.9 million in the year-earlier period.

The normalized profit margin increased to negative 27.1% from negative 91.1% in the year-earlier period.

Total revenue increased year over year to ¥136.0 million from ¥35.0 million, and total operating expenses rose on an annual basis to ¥193.0 million from ¥87.0 million.

Reported net income came to a loss of ¥59.0 million, or a loss of ¥1.59 per share, compared to a loss of ¥51.0 million, or a loss of ¥1.38 per share, in the prior-year period.

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