Johnan Academic Preparatory Institute, Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥123.9 million.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin was 10.3%.
Total revenue came to ¥1.20 billion, and total operating expenses came to ¥1.40 billion.
Reported net income totaled a loss of ¥208.0 million, or a loss of ¥25.83 per share.
As of Aug. 14, US$1 was equivalent to ¥102.44.