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Naigai fiscal Q1 loss widens 66.1% YOY

Naigai Co. Ltd. said its normalized net income for the fiscal first quarter ended April 30 amounted to a loss of ¥8.79 per share, compared with a loss of ¥5.30 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 ¥72.3 million, compared with a loss of ¥43.5 million in the prior-year period.

The normalized profit margin declined to negative 1.9% from negative 1.2% in the year-earlier period.

Total revenue rose on an annual basis to ¥3.79 billion from ¥3.65 billion, and total operating expenses climbed on an annual basis to ¥3.90 billion from ¥3.78 billion.

Reported net income totaled a loss of ¥124.0 million, or a loss of ¥15.09 per share, compared to a loss of ¥79.0 million, or a loss of ¥9.62 per share, in the year-earlier period.

As of June 16, US$1 was equivalent to ¥101.88.