Sakurai Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥3.28 per share, compared with ¥15.78 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 ¥13.1 million, compared with income of ¥63.1 million in the year-earlier period.
The normalized profit margin declined to negative 1.6% from 7.6% in the year-earlier period.
Total revenue increased on an annual basis to ¥846.0 million from ¥830.0 million, and total operating expenses climbed 14.7% year over year to ¥873.0 million from ¥761.0 million.
Reported net income came to a loss of ¥27.0 million, or a loss of ¥6.75 per share, compared to income of ¥62.0 million, or ¥15.50 per share, in the year-earlier period.
As of Aug. 8, US$1 was equivalent to ¥101.85.
