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Sharp fiscal Q1 loss narrows YOY

4065919 said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥23.14 per share, compared with a loss of ¥70.99 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 ¥3.91 billion, compared with a loss of ¥8.31 billion in the prior-year period.

The normalized profit margin rose to negative 0.6% from negative 1.4% in the year-earlier period.

Total revenue increased year over year to ¥619.73 billion from ¥607.91 billion, and total operating expenses climbed from the prior-year period to ¥615.06 billion from ¥604.90 billion.

Reported net income totaled a loss of ¥1.79 billion, or a loss of ¥10.58 per share, compared to a loss of ¥17.98 billion, or a loss of ¥153.63 per share, in the prior-year period.

s of Aug. 7, US$1 was equivalent to ¥102.16.Sharp Corp.

4065919 said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥23.14 per share, compared with a loss of ¥70.99 per share in the prior-year period.