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Naigai fiscal Q2 loss narrows YOY

Naigai Co. Ltd. said its normalized net income for the fiscal second quarter ended July 31 came to a loss of ¥4.72 per share, compared with a loss of ¥6.70 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 ¥38.8 million, compared with a loss of ¥55.0 million in the year-earlier period.

The normalized profit margin climbed to negative 0.9% from negative 1.3% in the year-earlier period.

Total revenue totaled ¥4.27 billion, compared with ¥4.25 billion in the year-earlier period, and total operating expenses came to ¥4.38 billion, compared with ¥4.35 billion in the prior-year period.

Reported net income came to a loss of ¥60.0 million, or a loss of ¥7.30 per share, compared to a loss of ¥81.0 million, or a loss of ¥9.86 per share, in the prior-year period.

As of Sept. 16, US$1 was equivalent to ¥107.19.