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SK Japan fiscal Q2 loss widens YOY

SK Japan Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to a loss of ¥10.10 per share, compared with a loss of ¥4.56 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 ¥83.1 million, compared with a loss of ¥37.5 million in the prior-year period.

The normalized profit margin fell to negative 4.2% from negative 2.2% in the year-earlier period.

Total revenue climbed 14.1% year over year to ¥1.96 billion from ¥1.72 billion, and total operating expenses grew 17.6% year over year to ¥2.09 billion from ¥1.78 billion.

Reported net income came to a loss of ¥33.6 million, or a loss of ¥4.08 per share, compared to a loss of ¥56.0 million, or a loss of ¥6.81 per share, in the prior-year period.

As of Oct. 15, US$1 was equivalent to ¥106.21.