trending Market Intelligence /marketintelligence/en/news-insights/trending/uYx7rU1E32TP_UhjN5Hwbg2 content esgSubNav
In This List

SK Japan swings to profit in fiscal Q1


Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally


Q1’21 U.S. Power Forecast


Post COVID-19: Gold Mining and Production

Case Study

Supporting the Strategic Overhaul of a Large Corporation’s Credit Risk System

SK Japan swings to profit in fiscal Q1

SK Japan Co. Ltd. said its normalized net income for the fiscal first quarter ended May 31 came to ¥1.21 per share, compared with a loss of ¥4.18 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.0 million, compared with a loss of ¥34.4 million in the prior-year period.

The normalized profit margin climbed to 0.5% from negative 2.2% in the year-earlier period.

Total revenue grew 19.2% year over year to ¥1.86 billion from ¥1.56 billion, and total operating expenses climbed 13.6% on an annual basis to ¥1.84 billion from ¥1.62 billion.

Reported net income totaled ¥19.6 million, or ¥2.31 per share, compared to a loss of ¥58.0 million, or a loss of ¥7.05 per share, in the year-earlier period.

As of July 15, US$1 was equivalent to ¥101.70.