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Red Planet Japan fiscal Q2 loss narrows YOY

Red Planet Japan Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 34 Japanese sen per share, compared with a loss of 73 sen 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 ¥54.1 million, compared with a loss of ¥76.3 million in the year-earlier period.

The normalized profit margin increased to negative 4.9% from negative 15.0% in the year-earlier period.

Total revenue rose on an annual basis to ¥1.11 billion from ¥509.0 million, and total operating expenses rose 97.7% year over year to ¥1.20 billion from ¥605.0 million.

Reported net income came to a loss of ¥96.0 million, or a loss of 60 sen per share, compared to a loss of ¥122.0 million, or a loss of ¥1.16 per share, in the year-earlier period.

As of May 14, US$1 was equivalent to ¥119.24.