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G Three fiscal Q1 loss narrows YOY

G Three Holdings Corp. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was a loss of 3 Japanese sen per share, compared with a loss of 67 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 ¥1.9 million, compared with a loss of ¥36.9 million in the year-earlier period.

The normalized profit margin rose to negative 0.5% from negative 12.8% in the year-earlier period.

Total revenue climbed 27.4% on an annual basis to ¥367.0 million from ¥288.0 million, and total operating expenses grew 7.9% on an annual basis to ¥369.0 million from ¥342.0 million.

Reported net income came to a loss of ¥32.0 million, or a loss of 49 sen per share, compared to a loss of ¥41.0 million, or a loss of 75 sen per share, in the prior-year period.

As of Jan. 14, US$1 was equivalent to ¥118.06.