Izu Shaboten Resort Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 97 Japanese sen per share, compared with 24 sen 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 ¥27.5 million, compared with income of ¥6.3 million in the prior-year period.
The normalized profit margin dropped to negative 5.3% from 1.3% in the year-earlier period.
Total revenue rose 9.7% on an annual basis to ¥520.0 million from ¥474.0 million, and total operating expenses climbed 19.5% on an annual basis to ¥563.0 million from ¥471.0 million.
Reported net income totaled a loss of ¥50.0 million, or a loss of ¥1.76 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
