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CYBELE fiscal Q1 loss narrows YOY

CYBELE Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to a loss of ¥24.36 per share, compared with a loss of ¥33.49 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 ¥35.0 million, compared with a loss of ¥48.1 million in the prior-year period.

The normalized profit margin rose to negative 4.7% from negative 6.3% in the year-earlier period.

Total revenue decreased on an annual basis to ¥750.0 million from ¥770.0 million, and total operating expenses decreased from the prior-year period to ¥805.0 million from ¥845.0 million.

Reported net income totaled a loss of ¥42.0 million, or a loss of ¥29.23 per share, compared to a loss of ¥49.0 million, or a loss of ¥34.10 per share, in the prior-year period.

As of Jan. 14, US$1 was equivalent to ¥116.84.