Gokurakuyu Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥3.91 per share, compared with a loss of ¥5.60 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 ¥48.5 million, compared with a loss of ¥55.0 million in the year-earlier period.
The normalized profit margin rose to negative 1.7% from negative 2.3% in the year-earlier period.
Total revenue increased 20.4% on an annual basis to ¥2.87 billion from ¥2.38 billion, and total operating expenses climbed 21.9% from the prior-year period to ¥2.99 billion from ¥2.46 billion.
Reported net income totaled a loss of ¥44.0 million, or a loss of ¥3.54 per share, compared to a loss of ¥89.0 million, or a loss of ¥9.07 per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
