Daitobo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of ¥1.25 per share, compared with 23 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥37.5 million, compared with income of ¥6.9 million in the prior-year period.
The normalized profit margin dropped to negative 2.2% from 0.4% in the year-earlier period.
Total revenue fell 10.0% on an annual basis to ¥1.70 billion from ¥1.89 billion, and total operating expenses declined 6.7% on an annual basis to ¥1.68 billion from ¥1.80 billion.
Reported net income totaled a loss of ¥68.0 million, or a loss of ¥2.27 per share, compared to income of ¥3.0 million, or 10 sen per share, in the prior-year period.
As of Feb. 12, US$1 was equivalent to ¥118.90.
