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Seigakusya fiscal Q1 loss widens YOY

Seigakusya Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥38.74 per share, compared with a loss of ¥38.68 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 ¥227.5 million, compared with a loss of ¥226.3 million in the year-earlier period.

The normalized profit margin rose to negative 12.1% from negative 12.6% in the year-earlier period.

Total revenue rose on an annual basis to ¥1.88 billion from ¥1.80 billion, and total operating expenses climbed from the prior-year period to ¥2.24 billion from ¥2.17 billion.

Reported net income came to a loss of ¥245.0 million, or a loss of ¥41.72 per share, compared to a loss of ¥237.0 million, or a loss of ¥40.52 per share, in the year-earlier period.

As of Aug. 13, US$1 was equivalent to ¥102.37.