Fields Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of ¥31.72 per share, compared with a loss of ¥7.61 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 ¥1.05 billion, compared with a loss of ¥252.4 million in the prior-year period.
The normalized profit margin dropped to negative 11.7% from negative 1.4% in the year-earlier period.
Total revenue decreased 49.6% on an annual basis to ¥8.98 billion from ¥17.82 billion, and total operating expenses fell 35.8% on an annual basis to ¥11.58 billion from ¥18.03 billion.
Reported net income totaled a loss of ¥706.0 million, or a loss of ¥21.28 per share, compared to a loss of ¥207.0 million, or a loss of ¥6.24 per share, in the year-earlier period.
As of Feb. 6, US$1 was equivalent to ¥119.01.
