Senshukai Co. Ltd. said its first-quarter normalized net income amounted to a loss of ¥24.79 per share, compared with ¥15.25 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 ¥1.07 billion, compared with income of ¥660.6 million in the prior-year period.
The normalized profit margin declined to negative 3.5% from 1.8% in the year-earlier period.
Total revenue declined 16.5% on an annual basis to ¥31.09 billion from ¥37.23 billion, and total operating expenses declined 9.2% from the prior-year period to ¥32.90 billion from ¥36.22 billion.
Reported net income totaled a loss of ¥1.16 billion, or a loss of ¥26.88 per share, compared to income of ¥546.0 million, or ¥12.61 per share, in the prior-year period.
As of May 13, US$1 was equivalent to ¥119.08.
