Mitsui Home Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥10.31 per share, compared with ¥1.20 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 ¥683.1 million, compared with income of ¥79.4 million in the prior-year period.
The normalized profit margin fell to negative 1.3% from 0.1% in the year-earlier period.
Total revenue decreased year over year to ¥53.96 billion from ¥55.86 billion, and total operating expenses decreased year over year to ¥55.18 billion from ¥55.82 billion.
Reported net income totaled a loss of ¥947.0 million, or a loss of ¥14.29 per share, compared to a loss of ¥193.0 million, or a loss of ¥2.91 per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
