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Red Planet Japan fiscal Q1 loss widens 12.0% YOY

Red Planet Japan Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to a loss of 49 Japanese sen per share, compared with a loss of ¥1.04 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 ¥71.4 million, compared with a loss of ¥63.8 million in the year-earlier period.

The normalized profit margin increased to negative 7.6% from negative 13.9% in the year-earlier period.

Total revenue increased year over year to ¥936.0 million from ¥459.0 million, and total operating expenses increased 86.2% from the prior-year period to ¥1.04 billion from ¥557.0 million.

Reported net income came to a loss of ¥118.0 million, or a loss of 80 sen per share, compared to a loss of ¥100.0 million, or a loss of ¥1.62 per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to ¥118.68.