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Kanmonkai fiscal Q1 loss widens YOY

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Kanmonkai fiscal Q1 loss widens YOY

Kanmonkai Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥11.42 per share, compared with a loss of ¥11.75 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 ¥113.1 million, compared with a loss of ¥109.4 million in the prior-year period.

The normalized profit margin rose to negative 12.4% from negative 13.0% in the year-earlier period.

Total revenue grew 8.5% year over year to ¥911.0 million from ¥840.0 million, and total operating expenses rose 7.3% year over year to ¥1.07 billion from ¥997.0 million.

Reported net income came to a loss of ¥130.0 million, or a loss of ¥13.12 per share, compared to a loss of ¥129.0 million, or a loss of ¥13.86 per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to ¥123.89.