Tose Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to a loss of ¥8.95 per share, compared with ¥1.67 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 ¥66.9 million, compared with income of ¥12.5 million in the year-earlier period.
The normalized profit margin declined to negative 12.2% from 1.6% in the year-earlier period.
Total revenue fell 28.2% on an annual basis to ¥547.0 million from ¥762.0 million, and total operating expenses declined 14.6% year over year to ¥677.0 million from ¥793.0 million.
Reported net income came to a loss of ¥91.0 million, or a loss of ¥12.18 per share, compared to income of ¥26.5 million, or ¥3.50 per share, in the prior-year period.
As of Jan. 14, US$1 was equivalent to ¥118.06.
