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Kanmonkai fiscal Q1 loss narrows YOY

Kanmonkai Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥11.75 per share, compared with a loss of ¥12.02 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 ¥109.4 million, compared with a loss of ¥111.9 million in the year-earlier period.

The normalized profit margin dropped to negative 13.0% from negative 11.9% in the year-earlier period.

Total revenue fell 10.8% year over year to ¥840.0 million from ¥942.0 million, and total operating expenses declined 9.8% year over year to ¥997.0 million from ¥1.10 billion.

Reported net income totaled a loss of ¥129.0 million, or a loss of ¥13.86 per share, compared to a loss of ¥106.0 million, or a loss of ¥11.39 per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥102.19.