B-R 31 Ice Cream Co. Ltd. said its first-quarter normalized net income amounted to a loss of ¥8.50 per share, compared with ¥7.91 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 ¥81.9 million, compared with income of ¥76.3 million in the prior-year period.
The normalized profit margin dropped to negative 2.2% from 2.1% in the year-earlier period.
Total revenue decreased year over year to ¥3.66 billion from ¥3.72 billion, and total operating expenses rose 5.3% from the prior-year period to ¥3.79 billion from ¥3.60 billion.
Reported net income came to a loss of ¥36.0 million, or a loss of ¥3.74 per share, compared to income of ¥82.0 million, or ¥8.51 per share, in the prior-year period.
As of May 8, US$1 was equivalent to ¥119.78.
