Studio Alice Co. Ltd. said its first-quarter normalized net income amounted to a loss of ¥31.93 per share, compared with a loss of ¥44.70 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 ¥542.3 million, compared with a loss of ¥762.1 million in the year-earlier period.
The normalized profit margin climbed to negative 8.8% from negative 12.3% in the year-earlier period.
Total revenue totaled ¥6.15 billion, compared with ¥6.18 billion in the year-earlier period, and total operating expenses declined year over year to ¥7.02 billion from ¥7.38 billion.
Reported net income totaled a loss of ¥757.0 million, or a loss of ¥44.57 per share, compared to a loss of ¥894.0 million, or a loss of ¥52.44 per share, in the prior-year period.
As of May 12, US$1 was equivalent to ¥119.88.
