trending Market Intelligence /marketintelligence/en/news-insights/trending/o4-B77Rw5ycZzAlUHgCVQw2 content esgSubNav
In This List

Showa fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Showa fiscal Q1 profit falls YOY

Showa Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥23.23 per share, a decline of 28.7% from ¥32.58 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.76 billion, a decline of 28.7% from ¥2.47 billion in the year-earlier period.

The normalized profit margin dropped to 2.6% from 3.7% in the year-earlier period.

Total revenue came to ¥66.99 billion, compared with ¥67.07 billion in the prior-year period, and total operating expenses grew from the prior-year period to ¥62.95 billion from ¥62.07 billion.

Reported net income fell 41.8% year over year to ¥1.50 billion, or ¥19.80 per share, from ¥2.58 billion, or ¥34.01 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.