Golf Do Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 76 Japanese sen per share, compared with ¥5.29 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 ¥1.9 million, compared with income of ¥13.1 million in the year-earlier period.
The normalized profit margin declined to negative 0.2% from 1.1% in the year-earlier period.
Total revenue declined 6.0% year over year to ¥1.11 billion from ¥1.18 billion, and total operating expenses fell on an annual basis to ¥1.11 billion from ¥1.16 billion.
Reported net income declined 6.7% year over year to ¥14.0 million, or ¥5.64 per share, from ¥15.0 million, or ¥6.05 per share.
As of Aug. 14, US$1 was equivalent to ¥102.44.
