Updated
Updated · MarketWatch · May 8
Kozosushi reports wider first-quarter net loss
Updated
Updated · MarketWatch · May 8

Kozosushi reports wider first-quarter net loss

1 articles · Updated · MarketWatch · May 8

Summary

  • The Japanese company posted a Y56 million net loss for the quarter ended 31 March, versus Y34 million a year earlier, while revenue rose to Y4.92 billion from Y4.62 billion.
  • Operating loss widened to Y66 million from Y44 million, and pretax loss deepened to Y47 million from Y10 million.
  • Per-share loss increased to Y0.19 from Y0.14, with the results prepared under Japanese accounting standards.

Insights

With sales rising but profits plummeting, is Kozosushi a canary in Japan’s economic coal mine?
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