Sanko Marketing Foods Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was a loss of 100 Japanese sen per share, compared with a loss of ¥24.76 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 ¥14.4 million, compared with a loss of ¥356.3 million in the prior-year period.
The normalized profit margin increased to negative 0.4% from negative 6.9% in the year-earlier period.
Total revenue decreased 31.8% on an annual basis to ¥3.50 billion from ¥5.13 billion, and total operating expenses decreased 36.4% from the prior-year period to ¥3.63 billion from ¥5.71 billion.
Reported net income came to a loss of ¥94.0 million, or a loss of ¥6.53 per share, compared to a loss of ¥527.0 million, or a loss of ¥36.63 per share, in the year-earlier period.
As of Nov. 14, US$1 was equivalent to ¥116.46.
