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Takachiho fiscal Q1 loss widens 70.0% YOY

Takachiho Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥67.91 per share, compared with a loss of ¥39.95 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 ¥42.5 million, compared with a loss of ¥25.0 million in the prior-year period.

The normalized profit margin declined to negative 1.5% from negative 0.8% in the year-earlier period.

Total revenue fell 5.9% on an annual basis to ¥2.78 billion from ¥2.96 billion, and total operating expenses fell from the prior-year period to ¥2.84 billion from ¥2.98 billion.

Reported net income came to a loss of ¥52.0 million, or a loss of ¥83.09 per share, compared to a loss of ¥32.0 million, or a loss of ¥51.13 per share, in the year-earlier period.

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