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Digital Adventure Q2 loss narrows YOY

Digital Adventure Inc. said its normalized net income for the second quarter came to a loss of ¥3.34 per share, compared with a loss of ¥5.29 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 ¥18.1 million, compared with a loss of ¥28.8 million in the year-earlier period.

The normalized profit margin climbed to negative 2.9% from negative 7.5% in the year-earlier period.

Total revenue climbed 63.3% year over year to ¥622.0 million from ¥381.0 million, and total operating expenses rose 49.9% from the prior-year period to ¥655.0 million from ¥437.0 million.

Reported net income totaled a loss of ¥58.3 million, or a loss of ¥10.73 per share, compared to a loss of ¥10.0 million, or a loss of ¥1.84 per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to ¥124.86.