trending Market Intelligence /marketintelligence/en/news-insights/trending/rukF4sEZGPNm566-CreONQ2 content esgSubNav
In This List

Nippon Shikizai swings to profit in fiscal Q2

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

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


Nippon Shikizai swings to profit in fiscal Q2

Nippon Shikizai Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 came to ¥8.70 per share, compared with a loss of ¥75.36 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥7.5 million, compared with a loss of ¥65.0 million in the year-earlier period.

The normalized profit margin increased to 0.4% from negative 3.6% in the year-earlier period.

Total revenue grew 11.5% on an annual basis to ¥1.99 billion from ¥1.79 billion, and total operating expenses climbed 4.9% year over year to ¥1.97 billion from ¥1.88 billion.

Reported net income totaled a loss of ¥19.0 million, or a loss of ¥22.03 per share, compared to a loss of ¥91.0 million, or a loss of ¥105.50 per share, in the prior-year period.

As of Oct. 14, US$1 was equivalent to ¥119.23.