Operating profit plummeted to a loss of 40 million yen, contrasting sharply with the 65 million yen gain achieved in the previous year. Pretax figures followed a similar downward trajectory, settling at a loss of 61 million yen compared to a 55 million yen profit in 2023. Total revenue for the quarter fell to 553 million yen, down from 733 million yen.
In section Market Quotes
Nichiryoku Slips to Loss Amid Sharp Revenue Decline
A 24.5 percent drop in quarterly revenue has pushed Tokyo-based funeral services provider Nichiryoku Co. Ltd. into the red. The company reported a net loss of 58 million yen for the first quarter ending June 30, a stark reversal from the 202 million yen profit recorded during the same period last year.
These results, compiled under Japanese accounting standards, reflect significant pressure on the firm's bottom line. Earnings per share dropped to negative 3.65 yen, a notable decline from the 12.88 yen reported a year ago. The company has not provided dividend payouts for the current period, maintaining a cautious stance as it navigates this fiscal contraction.
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