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Sato Foods posts fiscal Q1 loss

Sato Foods Co. Ltd. said its normalized net income for the fiscal first quarter ended July 31 came to a loss of ¥157.5 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.6%.

Total revenue totaled ¥4.43 billion, and total operating expenses came to ¥4.73 billion.

Reported net income came to a loss of ¥179.0 million, or a loss of ¥37.26 per share.

As of Sept. 14, US$1 was equivalent to ¥120.11.