TOA Corp. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥1.50 per share, compared with ¥4.04 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 ¥50.9 million, compared with income of ¥136.8 million in the prior-year period.
The normalized profit margin declined to negative 0.6% from 1.8% in the year-earlier period.
Total revenue increased on an annual basis to ¥7.98 billion from ¥7.64 billion, and total operating expenses rose 7.5% on an annual basis to ¥8.00 billion from ¥7.44 billion.
Reported net income totaled a loss of ¥88.0 million, or a loss of ¥2.60 per share, compared to income of ¥54.0 million, or ¥1.59 per share, in the prior-year period.
As of Aug. 11, US$1 was equivalent to ¥102.12.
