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Japan Publications Trading fiscal Q1 loss widens 44.4% YOY

Japan Publications Trading Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of ¥23.29 per share, compared with a loss of ¥16.13 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 ¥16.3 million, compared with a loss of ¥11.3 million in the prior-year period.

The normalized profit margin dropped to negative 0.9% from negative 0.7% in the year-earlier period.

Total revenue increased 10.9% on an annual basis to ¥1.80 billion from ¥1.62 billion, and total operating expenses grew 11.4% year over year to ¥1.82 billion from ¥1.64 billion.

Reported net income came to a loss of ¥25.0 million, or a loss of ¥35.84 per share, compared to a loss of ¥19.0 million, or a loss of ¥27.24 per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥102.44.