Kose R.E. Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 31 was a loss of ¥3.99 per share, compared with ¥17.03 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 ¥32.0 million, compared with income of ¥137.9 million in the prior-year period.
The normalized profit margin fell to negative 4.7% from 8.0% in the year-earlier period.
Total revenue declined 60.8% year over year to ¥680.0 million from ¥1.73 billion, and total operating expenses declined 51.9% on an annual basis to ¥717.0 million from ¥1.49 billion.
Reported net income totaled a loss of ¥24.9 million, or a loss of ¥3.11 per share, compared to income of ¥125.8 million, or ¥15.54 per share, in the year-earlier period.
As of Dec. 11, US$1 was equivalent to ¥119.44.
