trending Market Intelligence /marketintelligence/en/news-insights/trending/XnxYf0LoLbEMaFniXSLabw2 content esgSubNav
In This List

Saftec fiscal Q1 loss narrows YOY

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Podcast

Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...


Saftec fiscal Q1 loss narrows YOY

Saftec Co.Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥90.13 per share, compared with a loss of ¥155.18 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 ¥45.0 million, compared with a loss of ¥77.5 million in the year-earlier period.

The normalized profit margin climbed to negative 2.4% from negative 4.5% in the year-earlier period.

Total revenue rose 7.1% on an annual basis to ¥1.84 billion from ¥1.72 billion, and total operating expenses grew year over year to ¥1.91 billion from ¥1.83 billion.

Reported net income came to a loss of ¥75.0 million, or a loss of ¥150.21 per share, compared to a loss of ¥105.0 million, or a loss of ¥210.25 per share, in the prior-year period.

As of Aug. 7, US$1 was equivalent to ¥124.28.