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Cox Co. Ltd. fiscal Q3 loss narrows YOY

Cox Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was a loss of 43 Japanese sen per share, compared with a loss of ¥7.89 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 ¥11.9 million, compared with a loss of ¥217.5 million in the year-earlier period.

The normalized profit margin rose to negative 0.2% from negative 4.4% in the year-earlier period.

Total revenue totaled ¥4.89 billion, compared with ¥4.90 billion in the prior-year period, and total operating expenses declined 6.4% from the prior-year period to ¥4.94 billion from ¥5.28 billion.

Reported net income totaled a loss of ¥54.0 million, or a loss of ¥1.96 per share, compared to a loss of ¥434.0 million, or a loss of ¥15.74 per share, in the year-earlier period.

As of Jan. 13, US$1 was equivalent to ¥118.49.