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Kisoji fiscal Q1 loss widens 73.1% YOY

Kisoji Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥6.70 per share, compared with a loss of ¥3.87 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 ¥173.1 million, compared with a loss of ¥100.0 million in the year-earlier period.

The normalized profit margin dropped to negative 1.7% from negative 1.0% in the year-earlier period.

Total revenue came to ¥10.45 billion, compared with ¥10.40 billion in the year-earlier period, and total operating expenses rose from the prior-year period to ¥10.74 billion from ¥10.58 billion.

Reported net income came to a loss of ¥237.0 million, or a loss of ¥9.17 per share, compared to a loss of ¥155.0 million, or a loss of ¥6.00 per share, in the year-earlier period.

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