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Ichishin Holdings fiscal Q3 loss narrows YOY

Ichishin Holdings Co.Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, amounted to a loss of ¥6.47 per share, compared with a loss of ¥12.11 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 ¥66.9 million, compared with a loss of ¥125.0 million in the prior-year period.

The normalized profit margin rose to negative 1.8% from negative 3.4% in the year-earlier period.

Total revenue decreased year over year to ¥3.62 billion from ¥3.69 billion, and total operating expenses declined year over year to ¥3.73 billion from ¥3.88 billion.

Reported net income came to a loss of ¥162.0 million, or a loss of ¥15.68 per share, compared to a loss of ¥277.0 million, or a loss of ¥26.83 per share, in the prior-year period.

As of Jan. 14, US$1 was equivalent to ¥118.06.