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Kabushiki Kaisha Seiyoken fiscal Q3 loss narrows YOY

Kabushiki Kaisha Seiyoken said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to a loss of ¥7.21 per share, compared with a loss of ¥24.03 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 ¥18.8 million, compared with a loss of ¥62.5 million in the year-earlier period.

The normalized profit margin increased to negative 2.6% from negative 11.0% in the year-earlier period.

Total revenue increased 26.2% on an annual basis to ¥718.0 million from ¥569.0 million, and total operating expenses grew 11.4% from the prior-year period to ¥750.0 million from ¥673.0 million.

Reported net income came to a loss of ¥31.0 million, or a loss of ¥11.92 per share, compared to a loss of ¥104.0 million, or a loss of ¥39.99 per share, in the year-earlier period.

As of Dec. 11, US$1 was equivalent to ¥121.00.