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CrowdWorks posts fiscal Q1 loss

CrowdWorks Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to a loss of ¥71.9 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 25.2%.

Total revenue totaled ¥285.0 million, and total operating expenses totaled ¥402.0 million.

Reported net income came to a loss of ¥127.0 million, or a loss of ¥9.56 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.