Daitobo Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of ¥4.70 per share, compared with a loss of ¥3.25 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 ¥140.6 million, compared with a loss of ¥97.4 million in the year-earlier period.
The normalized profit margin fell to negative 11.9% from negative 6.3% in the year-earlier period.
Total revenue declined 23.7% year over year to ¥1.18 billion from ¥1.55 billion, and total operating expenses fell 18.6% year over year to ¥1.34 billion from ¥1.65 billion.
Reported net income came to a loss of ¥230.0 million, or a loss of ¥7.68 per share, compared to a loss of ¥179.0 million, or a loss of ¥5.98 per share, in the prior-year period.
As of Aug. 12, US$1 was equivalent to ¥102.19.
