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Yamada SXL Home fiscal Q1 loss narrows YOY

Yamada SXL Home Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 amounted to a loss of 97 Japanese sen per share, compared with a loss of ¥1.74 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 ¥197.1 million, compared with a loss of ¥353.8 million in the prior-year period.

The normalized profit margin rose to negative 1.5% from negative 3.6% in the year-earlier period.

Total revenue increased 30.1% year over year to ¥12.75 billion from ¥9.80 billion, and total operating expenses increased 25.9% from the prior-year period to ¥13.04 billion from ¥10.35 billion.

Reported net income totaled a loss of ¥399.0 million, or a loss of ¥1.96 per share, compared to a loss of ¥599.0 million, or a loss of ¥2.94 per share, in the year-earlier period.

As of July 14, US$1 was equivalent to ¥101.58.