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Mobcast inc. Q1 loss narrows YOY

Mobcast Holdings Inc. said its first-quarter normalized net income came to a loss of 56 Japanese sen per share, compared with a loss of ¥2.44 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 ¥8.1 million, compared with a loss of ¥35.0 million in the prior-year period.

The normalized profit margin increased to negative 0.9% from negative 4.1% in the year-earlier period.

Total revenue came to ¥856.0 million, compared with ¥848.0 million in the prior-year period, and total operating expenses fell 6.6% from the prior-year period to ¥840.0 million from ¥899.0 million.

Reported net income came to a loss of ¥13.0 million, or a loss of 89 sen per share, compared to a loss of ¥55.0 million, or a loss of ¥3.84 per share, in the prior-year period.

As of May 13, US$1 was equivalent to ¥109.14.