The Yokohama-based company reported a net loss of ¥731 million, a sharp increase from the ¥162 million loss recorded in the previous fiscal year. Revenue for the period fell to ¥2.06 billion, down from ¥2.31 billion a year earlier, reflecting a challenging environment for the firm’s core operations.
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SiriusVision Annual Net Loss Swells to ¥731 Million
SiriusVision Co. Ltd. saw its annual net loss more than quadruple for the fiscal year ended December 31, as a contraction in revenue exacerbated pressure on the firm's bottom line.
Deepening Operational Deficits
According to the company's latest financial filing, operational performance also weakened. The operating loss widened to ¥140 million compared to ¥112 million in the prior period. Pretax losses followed a similar trajectory, increasing to ¥126 million as the company struggled to offset declining sales with sufficient cost-containment measures.The financial results, prepared under Japanese accounting standards, highlight a significant drop in shareholder value. Earnings per share plummeted to a loss of ¥157.46, compared to a loss of ¥35.13 in the preceding year.
Key performance indicators for the fiscal year include:
- Total Revenue: ¥2.06 billion
- Operating Loss: ¥140 million
- Net Loss: ¥731 million
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