Zetton Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to a loss of ¥1.16 per share, compared with ¥11.47 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 ¥5.0 million, compared with income of ¥49.4 million in the prior-year period.
The normalized profit margin dropped to negative 0.2% from 2.4% in the year-earlier period.
Total revenue climbed 8.2% on an annual basis to ¥2.26 billion from ¥2.09 billion, and total operating expenses climbed 13.5% on an annual basis to ¥2.30 billion from ¥2.03 billion.
Reported net income came to a loss of ¥27.0 million, or a loss of ¥6.27 per share, compared to income of ¥38.4 million, or ¥8.92 per share, in the prior-year period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
