Zensho Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥6.45 per share, compared with ¥7.87 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 ¥957.6 million, compared with income of ¥953.4 million in the prior-year period.
The normalized profit margin fell to negative 0.8% from 0.9% in the year-earlier period.
Total revenue rose 9.9% year over year to ¥120.14 billion from ¥109.30 billion, and total operating expenses rose 12.4% on an annual basis to ¥121.07 billion from ¥107.68 billion.
Reported net income came to a loss of ¥2.33 billion, or a loss of ¥15.69 per share, compared to income of ¥66.0 million, or 55 sen per share, in the prior-year period.
As of Aug. 8, US$1 was equivalent to ¥101.85.
