The Tokyo-listed firm saw revenue decline to 13.73 billion yen, down from 14.19 billion yen in the previous year. Profitability metrics faced significant pressure, with the operating loss widening to 1.01 billion yen from 305 million yen a year earlier. Pretax profit also took a sharp hit, falling to a loss of 871 million yen compared to a 58 million yen loss in the prior year. Consequently, earnings per share dropped to a negative 4.52 yen from a negative 2.21 yen.
In section Market Quotes
Zenrin Losses Deepen as First Quarter Revenue Slips
Mapping specialist Zenrin Co. Ltd. reported a net loss of 241 million yen for the first quarter ending June 30, more than doubling its deficit compared to the 117 million yen loss recorded during the same period last year, according to the company’s latest financial filing under Japanese accounting standards.
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