Dai-ichi Seiko Co. Ltd. said its first-quarter normalized net income amounted to a loss of ¥27.31 per share, compared with ¥28.56 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 ¥456.8 million, compared with income of ¥477.5 million in the prior-year period.
The normalized profit margin declined to negative 4.2% from 4.0% in the year-earlier period.
Total revenue declined 8.0% year over year to ¥10.94 billion from ¥11.88 billion, and total operating expenses came to ¥11.18 billion, compared with ¥11.29 billion in the prior-year period.
Reported net income totaled a loss of ¥763.0 million, or a loss of ¥45.63 per share, compared to income of ¥554.0 million, or ¥33.13 per share, in the prior-year period.
As of May 11, US$1 was equivalent to ¥108.60.
