Nippon Signal posts revenue growth but swings to loss

Nippon Signal reported consolidated net sales of 18.062 billion yen for the first quarter ended June 30, an 8.5% increase year-over-year.

Despite revenue growth, the company recorded an operating loss of 490 million yen, compared to a 202 million yen operating loss in the prior year. The company swung to a net loss of 400 million yen from a 2 million yen profit in the same period last year.