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Almedio Inc Halves Net Loss as Revenue Climbs

Almedio Inc. reported a net loss of ¥146 million for the first half of the fiscal year ending September 30, marking a significant narrowing from the ¥293 million loss recorded during the same period last year. The results, prepared under Japanese accounting standards, reflect improved financial momentum for the firm.

Almedio Inc Halves Net Loss as Revenue Climbs

Revenue for the six-month period reached ¥1.79 billion, up from ¥1.16 billion in the previous year. This top-line growth helped temper the company’s operating and pretax deficits. Operating profit showed a loss of ¥147 million, an improvement over the ¥340 million loss posted a year ago, while the pretax loss narrowed to ¥140 million from ¥344 million.

On a per-share basis, the company reported a loss of ¥7.32, compared to a loss of ¥14.65 in the prior year's corresponding term.

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