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Morishita Jintan fiscal Q3 loss narrows YOY

4251934 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥1.69 per share, compared with a loss of ¥6.14 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 ¥6.9 million, compared with a loss of ¥25.0 million in the prior-year period.

The normalized profit margin climbed to negative 0.3% from negative 1.0% in the year-earlier period.

Total revenue declined 6.2% year over year to ¥2.38 billion from ¥2.53 billion, and total operating expenses fell 6.5% on an annual basis to ¥2.40 billion from ¥2.57 billion.

Reported net income came to a loss of ¥13.0 million, or a loss of ¥3.20 per share, compared to a loss of ¥27.0 million, or a loss of ¥6.64 per share, in the prior-year period.

s of Feb. 13, US$1 was equivalent to ¥118.68.Morishita Jintan Co. Ltd.

4251934 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥1.69 per share, compared with a loss of ¥6.14 per share in the year-earlier period.