NPC Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to a loss of ¥3.71 per share, compared with ¥10.46 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 ¥81.9 million, compared with income of ¥230.6 million in the year-earlier period.
The normalized profit margin dropped to negative 19.9% from 5.5% in the year-earlier period.
Total revenue decreased 90.2% year over year to ¥412.0 million from ¥4.22 billion, and total operating expenses declined 85.1% from the prior-year period to ¥569.0 million from ¥3.83 billion.
Reported net income totaled a loss of ¥34.0 million, or a loss of ¥1.54 per share, compared to income of ¥353.0 million, or ¥16.01 per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥118.06.
