People’s first-quarter sales fell, but delayed spending narrowed the loss
First-quarter sales fell 7.8% to ¥267 million, with an operating loss of ¥57 million and a net loss of ¥65 million. April sales were ¥150.848 million, or 99.2% of the year-earlier month, and the company said the smaller-than-forecast loss partly reflected R&D and advertising costs shifting into later quarters rather than a clean demand surprise.