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Shidax fiscal Q1 loss widens YOY

Shidax Corp. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥10.26 per share, compared with a loss of ¥1.47 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 ¥400.0 million, compared with a loss of ¥59.0 million in the year-earlier period.

The normalized profit margin fell to negative 0.8% from negative 0.1% in the year-earlier period.

Total revenue climbed year over year to ¥47.13 billion from ¥46.48 billion, and total operating expenses grew on an annual basis to ¥47.51 billion from ¥46.40 billion.

Reported net income totaled a loss of ¥566.0 million, or a loss of ¥14.52 per share, compared to a loss of ¥219.0 million, or a loss of ¥5.46 per share, in the prior-year period.

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