Mitsui Home Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥42.79 per share, compared with a loss of ¥66.39 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 ¥2.84 billion, compared with a loss of ¥4.40 billion in the year-earlier period.
The normalized profit margin increased to negative 6.6% from negative 13.9% in the year-earlier period.
Total revenue climbed 35.5% year over year to ¥42.81 billion from ¥31.60 billion, and total operating expenses rose 22.4% on an annual basis to ¥47.32 billion from ¥38.65 billion.
Reported net income came to a loss of ¥3.25 billion, or a loss of ¥49.03 per share, compared to a loss of ¥4.71 billion, or a loss of ¥71.14 per share, in the prior-year period.
As of Aug. 13, US$1 was equivalent to ¥102.37.
