Sanyo Homes Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of ¥42.44 per share, compared with ¥4.46 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 ¥535.6 million, compared with income of ¥56.3 million in the year-earlier period.
The normalized profit margin dropped to negative 7.1% from 0.5% in the year-earlier period.
Total revenue fell 35.6% on an annual basis to ¥7.52 billion from ¥11.69 billion, and total operating expenses decreased 27.6% year over year to ¥8.37 billion from ¥11.56 billion.
Reported net income came to a loss of ¥569.0 million, or a loss of ¥45.09 per share, compared to income of ¥36.0 million, or ¥2.85 per share, in the prior-year period.
As of Feb. 10, US$1 was equivalent to ¥119.28.
