Bunkyodo Group Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to a loss of ¥7.07 per share, compared with a loss of ¥4.81 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 ¥98.8 million, compared with a loss of ¥67.3 million in the year-earlier period.
The normalized profit margin declined to negative 1.3% from negative 0.8% in the year-earlier period.
Total revenue decreased on an annual basis to ¥7.88 billion from ¥7.98 billion, and total operating expenses came to ¥8.04 billion, compared with ¥8.12 billion in the year-earlier period.
Reported net income came to a loss of ¥182.4 million, or a loss of ¥13.05 per share, compared to a loss of ¥118.4 million, or a loss of ¥8.47 per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
