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C'bon Cosmetics swings to loss in fiscal Q1

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C'bon Cosmetics swings to loss in fiscal Q1

C'bon Cosmetics Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥12.10 per share, compared with ¥3.61 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 ¥48.8 million, compared with income of ¥14.4 million in the prior-year period.

The normalized profit margin declined to negative 1.6% from 0.4% in the year-earlier period.

Total revenue fell 5.6% year over year to ¥3.13 billion from ¥3.32 billion, and total operating expenses fell year over year to ¥3.23 billion from ¥3.31 billion.

Reported net income came to a loss of ¥68.0 million, or a loss of ¥16.88 per share, compared to income of ¥39,870, or 1 sen per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to ¥124.86.