Japan Publications Trading Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥13.44 per share, compared with a loss of ¥23.29 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 ¥9.4 million, compared with a loss of ¥16.3 million in the prior-year period.

The normalized profit margin increased to negative 0.5% from negative 0.9% in the year-earlier period.

Total revenue declined on an annual basis to ¥1.77 billion from ¥1.80 billion, and total operating expenses declined year over year to ¥1.79 billion from ¥1.82 billion.

Reported net income totaled a loss of ¥15.0 million, or a loss of ¥21.50 per share, compared to a loss of ¥25.0 million, or a loss of ¥35.84 per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥124.29.