RVH Inc. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥4.37 per share, compared with a loss of ¥6.86 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 ¥26.3 million, compared with a loss of ¥33.8 million in the year-earlier period.
The normalized profit margin rose to negative 12.0% from negative 63.7% in the year-earlier period.
Total revenue climbed year over year to ¥218.0 million from ¥53.0 million, and total operating expenses increased from the prior-year period to ¥257.0 million from ¥111.0 million.
Reported net income came to a loss of ¥44.0 million, or a loss of ¥7.32 per share, compared to a loss of ¥54.0 million, or a loss of ¥10.98 per share, in the prior-year period.
As of Aug. 11, US$1 was equivalent to ¥102.12.
