Media Kobo Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, amounted to 76 Japanese sen per share, a decline of 88.0% from ¥6.35 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.1 million, a decline of 88.1% from ¥68.1 million in the year-earlier period.
The normalized profit margin declined to 1.6% from 11.5% in the year-earlier period.
Total revenue fell 13.2% on an annual basis to ¥512.0 million from ¥590.0 million, and total operating expenses grew on an annual basis to ¥490.0 million from ¥479.0 million.
Reported net income came to a loss of ¥12.0 million, or a loss of ¥1.12 per share, compared to income of ¥56.1 million, or ¥5.23 per share, in the year-earlier period.
As of Jan. 8, US$1 was equivalent to ¥117.71.
