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Kimuratan fiscal Q1 loss widens YOY

Kimuratan Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 44 Japanese sen per share, compared with a loss of 8 sen 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 ¥34.4 million, compared with a loss of ¥6.3 million in the prior-year period.

The normalized profit margin declined to negative 3.9% from negative 0.6% in the year-earlier period.

Total revenue declined 13.8% year over year to ¥876.0 million from ¥1.02 billion, and total operating expenses decreased 9.1% on an annual basis to ¥929.0 million from ¥1.02 billion.

Reported net income totaled a loss of ¥56.0 million, or a loss of 71 sen per share, compared to a loss of ¥11.0 million, or a loss of 14 sen per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to ¥102.12.