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Tanaka Seimitsu Kogyo swings to loss in fiscal Q1

4274916 said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥8.21 per share, compared with ¥12.04 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 ¥80.1 million, compared with income of ¥117.5 million in the year-earlier period.

The normalized profit margin dropped to negative 0.7% from 0.9% in the year-earlier period.

Total revenue decreased 14.3% on an annual basis to ¥11.24 billion from ¥13.12 billion, and total operating expenses decreased 12.4% on an annual basis to ¥11.06 billion from ¥12.63 billion.

eported net income totaled a loss of ¥212.0 Tanaka Seimitsu Kogyo Co. Ltd.