Seihyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was a loss of ¥50.28 per share, compared with a loss of ¥51.79 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 ¥20.6 million, compared with a loss of ¥21.3 million in the year-earlier period.
The normalized profit margin dropped to negative 3.8% from negative 3.6% in the year-earlier period.
Total revenue fell 8.5% year over year to ¥546.0 million from ¥597.0 million, and total operating expenses fell 8.5% on an annual basis to ¥584.0 million from ¥638.0 million.
Reported net income totaled a loss of ¥31.0 million, or a loss of ¥75.57 per share, compared to a loss of ¥35.0 million, or a loss of ¥85.30 per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
