Happiness & D Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to a loss of ¥29.12 per share, compared with a loss of ¥28.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥73.8 million, compared with a loss of ¥71.9 million in the prior-year period.

The normalized profit margin declined to negative 2.1% from negative 2.0% in the year-earlier period.

Total revenue totaled ¥3.57 billion, compared with ¥3.54 billion in the prior-year period, and total operating expenses came to ¥3.68 billion, compared with ¥3.64 billion in the prior-year period.

Reported net income came to a loss of ¥101.0 million, or a loss of ¥39.88 per share, compared to a loss of ¥82.0 million, or a loss of ¥32.41 per share, in the prior-year period.

As of Jan. 13, US$1 was equivalent to ¥118.29.