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Maruman & Co. fiscal Q1 loss narrows YOY

Maruman & Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to a loss of ¥3.68 per share, compared with a loss of ¥10.12 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 ¥45.0 million, compared with a loss of ¥123.8 million in the prior-year period.

The normalized profit margin increased to negative 3.0% from negative 8.5% in the year-earlier period.

Total revenue climbed on an annual basis to ¥1.49 billion from ¥1.46 billion, and total operating expenses decreased 7.1% on an annual basis to ¥1.53 billion from ¥1.64 billion.

Reported net income totaled a loss of ¥45.0 million, or a loss of ¥3.68 per share, compared to a loss of ¥682.0 million, or a loss of ¥55.77 per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to ¥118.68.