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Jeans Mate fiscal Q3 loss narrows YOY

Jeans Mate Corp. said its normalized net income for the fiscal third quarter ended Nov. 20 was a loss of ¥1.66 per share, compared with a loss of ¥17.33 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 ¥18.1 million, compared with a loss of ¥189.4 million in the prior-year period.

The normalized profit margin rose to negative 0.8% from negative 8.4% in the year-earlier period.

Total revenue totaled ¥2.23 billion, compared with ¥2.24 billion in the year-earlier period, and total operating expenses decreased 11.4% on an annual basis to ¥2.27 billion from ¥2.56 billion.

Reported net income totaled a loss of ¥65.0 million, or a loss of ¥5.95 per share, compared to a loss of ¥348.0 million, or a loss of ¥31.85 per share, in the prior-year period.

As of Dec. 26, US$1 was equivalent to ¥120.44.