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Himaraya Co. fiscal Q1 loss narrows YOY

Himaraya Co. Ltd. its normalized net income for the fiscal first quarter ended Nov. 30, 2014, amounted to a loss of ¥11.57 per share, compared with a loss of ¥15.63 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 ¥142.5 million, compared with a loss of ¥192.5 million in the prior-year period.

The normalized profit margin rose to negative 0.9% from negative 1.3% in the year-earlier period.

Total revenue increased on an annual basis to ¥15.20 billion from ¥14.71 billion, and total operating expenses increased year over year to ¥15.45 billion from ¥15.04 billion.

Reported net income came to a loss of ¥171.0 million, or a loss of ¥13.88 per share, compared to a loss of ¥376.0 million, or a loss of ¥30.52 per share, in the year-earlier period.

As of Jan. 14, US$1 was equivalent to ¥116.84.