21Lady Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥2.34 per share, compared with a loss of ¥1.97 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 ¥11.9 million, compared with a loss of ¥8.1 million in the year-earlier period.

The normalized profit margin declined to negative 1.7% from negative 1.2% in the year-earlier period.

Total revenue increased on an annual basis to ¥718.0 million from ¥705.0 million, and total operating expenses rose from the prior-year period to ¥735.0 million from ¥716.0 million.

Reported net income totaled a loss of ¥24.0 million, or a loss of ¥4.72 per share, compared to a loss of ¥16.0 million, or a loss of ¥3.88 per share, in the year-earlier period.

As of Aug. 10, US$1 was equivalent to ¥124.53.