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Ten Allied fiscal Q3 loss narrows YOY

Ten Allied Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 10 Japanese sen per share, compared with a loss of 41 sen 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 ¥2.5 million, compared with a loss of ¥10.6 million in the prior-year period.

The normalized profit margin increased to negative 0.1% from negative 0.3% in the year-earlier period.

Total revenue increased year over year to ¥3.92 billion from ¥3.88 billion, and total operating expenses came to ¥3.93 billion, compared with ¥3.90 billion in the year-earlier period.

Reported net income totaled a loss of ¥36.0 million, or a loss of ¥1.39 per share, compared to a loss of ¥60.0 million, or a loss of ¥2.31 per share, in the year-earlier period.

As of Feb. 10, US$1 was equivalent to ¥119.28.