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Hokkaido Coca-Cola Bottling Q1 loss narrows YOY

Hokkaido Coca-Cola Bottling Co. Ltd. said its normalized net income for the first quarter came to a loss of ¥2.65 per share, compared with a loss of ¥4.86 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 ¥96.9 million, compared with a loss of ¥177.5 million in the year-earlier period.

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

Total revenue grew year over year to ¥12.45 billion from ¥12.10 billion, and total operating expenses increased from the prior-year period to ¥12.63 billion from ¥12.40 billion.

Reported net income totaled a loss of ¥348.0 million, or a loss of ¥9.53 per share, compared to a loss of ¥369.0 million, or a loss of ¥10.10 per share, in the year-earlier period.

As of May 14, US$1 was equivalent to ¥119.24.