Asahi Eito Trims Losses Amid Revenue Dip

The Tokyo-listed manufacturer saw its operating losses shrink to 90 million yen from 177 million yen, reflecting improved efficiency under Japanese accounting standards. Pretax figures followed a similar trajectory, moving from a 184 million yen loss to a 92 million yen loss. Despite the contraction in revenue from 3.22 billion yen a year ago, the reduction in overhead allowed for a better bottom-line performance, resulting in a per-share loss of 14.89 yen compared to 36.88 yen in the previous fiscal cycle.