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Nagase Brothers Swings to Loss in First Quarter

Nagase Brothers Inc. reported a net loss of 305 million yen for the first quarter ending June 30, a sharp reversal from the 140 million yen profit recorded during the same period last year. The decline reflects a broader struggle with profitability despite a modest uptick in overall revenue.

Nagase Brothers Swings to Loss in First Quarter

Revenue for the quarter climbed to 14.21 billion yen, up from 13.72 billion yen in 2025. However, this growth failed to offset rising costs, pushing the company into an operating loss of 94 million yen compared to a 29 million yen profit a year earlier. Pretax figures followed a similar downward trajectory, settling at a 101 million yen loss versus a previous profit of 87 million yen. Under Japanese accounting standards, the company’s earnings per share dropped to a loss of 11.88 yen, down from a positive 5.33 yen in the prior year.

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