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Maruko posts fiscal Q1 loss

Maruko Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥618.8 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 23.8%.

Total revenue came to ¥2.60 billion, and total operating expenses came to ¥3.63 billion.

Reported net income totaled a loss of ¥1.07 billion, or a loss of ¥35.11 per share.

As of Aug. 11, US$1 was equivalent to ¥124.86.