trending Market Intelligence /marketintelligence/en/news-insights/trending/r8BRN8-mJK594WDOkCB7-Q2 content esgSubNav
In This List

Soko Seiren fiscal Q2 loss widens 52.1% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Soko Seiren fiscal Q2 loss widens 52.1% YOY

Soko Seiren Co.Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of ¥9.48 per share, compared with a loss of ¥6.23 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 ¥67.5 million, compared with a loss of ¥44.4 million in the prior-year period.

The normalized profit margin fell to negative 8.4% from negative 5.0% in the year-earlier period.

Total revenue decreased 10.3% on an annual basis to ¥800.0 million from ¥892.0 million, and total operating expenses declined 13.3% from the prior-year period to ¥870.0 million from ¥1.00 billion.

Reported net income totaled a loss of ¥113.0 million, or a loss of ¥15.87 per share, compared to a loss of ¥330.0 million, or a loss of ¥46.33 per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to ¥122.78.